VICTORY SQUARE TEC (OTCMKTS:VSQTF) Is A Crypto Runner

We are presenting today VICTORY SQUARE TEC (OTCMKTS:VSQTF), a venture builder focusing on blockchain technology, virtual reality, artificial intelligence, personalized health, gaming, and film.It is an interesting company acquiring stakes in crypto assets and delivering outstanding market gains.Have a look at its cryptocurrency portfolio: Crypto Portfolio - VICTORY SQUARE TEC OTCMKTS:VSQTFAdditionally, the company also acquires stakes in the companies operating in very different sectors.Check the following image from the website of VSQTF.

Equity Portfolio - VICTORY SQUARE TEC OTCMKTS:VSQTF

Why do we address this company as of today?

The reason is that the share price is exploding up in the stock charts. The share price has gone from trading at $0.50 to cross the $3.00 resistance level in less than three months.On top of it, the volume spiked up as well. Some days more than 0.5 million shares changed hands, which shows that many market participants are finding the stock quite interesting.It is a great news. It seems that the demand for the stock is finally pushing up the share price.Have a look at the following stock chart:

1 year chart for VSQTFEthereum blockchain - Why is the share price increasing at a high pace?We will focus only on what, we believe, is making the share price increase, which, in our opinion, is the blockchain assets owned by VSQTF.The company founded FansUnite, uses the power of the Ethereum blockchain to provide cheaper, more secure, verifiable, and transparent sports betting.Check the following video, wherein its system is described. Also, note that the most significant is that betting fees will diminish dramatically:[embed]https://player.vimeo.com/video/230995660[/embed]SourceHow to explain the recent share price increase?That may not a difficult question for the market participants involved in the cryptocurrency industry.Which cryptocurrency is the company using for the platform?It is using Ethereum, which means that the share price should be correlated to the price of this coin in the market.With that in mind, have a look at the recent spike in the price of Ethereum and note that it has followed exactly the same price pattern exhibited in the chart for VSQTF: Ethereum Chart from https://coinmarketcap.comIn short, it seems that in order to profit from the explosion in Ethereum, the market participants are also using this company.Recent DevelopmentsIt seems that the company has increased the communications in December. The number of press releases in the month has been large.On December 6, 2017, VSQTF released that it had been admitted as a member of the Blockchain Investors Consortium. This is said to be "one of the market-leading organizations pioneering professional investment activities into digital assets globally." BIC members own over $2 billion of digital assets under management along with many crypto hedge funds and individual investors are inside the organization.Mike Costache, founder of BIC, said the following words about VSQTF:“They have a proven track-record of incubating and investing in successful platforms and will play an important role in performing shared due-diligence to identify the most promising investment opportunities. We continue to align ourselves with key global strategic partners who will enhance our group’s ability to identify and deploy capital into promising blockchain ventures.” SourceWe appreciate the news and believe that the market pushed up the share price when the news arrived to the trading pits.But, there is more.On December 11, 2017, more good news were released. The company noted that VS Blockchain Assembly Inc. had been introduced into the portfolio of Victory Square Technologies Inc. This new company currently provides financial, technical, and management services to develop early-stage blockchain technology companies. It helps them increase integration and push up growth. In our opinion, it is a very opportunistic acquisition, as the cryptocurrency is increasing at high pace now, but we do appreciate the deal.Blockchain Assembly is an interesting player in this sector. It was noted that it is well-positioned to capture this once-in-a-generation market opportunity thanks to several strategic partnerships established during early 2017. The following are two well-known partners that work with Blockchain Assembly:

• Fasken Martineau, an internationally renowned pioneer in digital assets and securities law.
• d10e, a leading organizer of conferences on decentralization globally.

How will this company help Victory Square Technologies Inc.?VSQTF will be able to provide Initial Coin Offering (ICO) advisory services to Victory Square portfolio companies, such as FansUnite Media Inc. In our opinion, it is a great deal for Victory Square, which will be able to access the know-how of this company as well as its network in the blockchain industry. It should help increase the top line of the P&L in the long term, which, at the end of the day, is what pushes up the share price.That's not all.On December 14, 2017, the company announced the appointment of Guy Halford-Thompson, co-founder of BTL Group Ltd (CVE:BTL), to its Advisory Board. It is a great news, which shows that the company continues to acquire talent and know-how. This business executive founded BTL Group, which was the first publicly traded blockchain company in Canada and has grown to a market cap of $250M on the TSX Venture Exchange. He is a very big fish that should help the company grow its business in this industry.Many market participants in the market seem to be showing interest in the company. We have formed this opinion after seeing that the company was featured by NetworkNewsWire in this publication. In our opinion, the following are the most interesting words from that report:

“BTL has since developed into a TSX-listed company with a market capitalization in excess of $250 million that provides blockchain solutions to multiple industries with an emphasis on the finance, energy and gaming sectors. The product BTL is best known for, Interbit, is a blockchain platform that makes it possible to rapidly develop business applications designed to boost efficiency.” Source

ConclusionCurrently trading with a market cap of $158 million, VSQTF is an exciting story among small caps. With total current assets of $228,065, comprising of $141,727 in cash, $55,696 in government sales tax receivable, and liabilities of $5,344,326, we believe that the company should commence new sales of equity to refinance its balance sheet. In our opinion, many market participants will be interested in the new technology, so selling shares should not be a problem.To sum up, start following this company, since it seems that we will hear a lot about this name in the future.We will be updating our subscribers as soon as we know more. For the latest updates on VSQTF, sign up below!Disclosure: We have no position in VSQTF and have not been compensated for this article.Image courtesy of Naoki Nakashima via Flickr