Genesis Launches Fund for Major Bitcoin Investors
Genesis Mining, a well-known Bitcoin mining service, has announced the launch of the first Bitcoin Mining Fund. The fund, known as Logos Fund, is the first SEC-registered Reg D fund, and has already gathered over $100 million USD in interest from both investment groups and individuals. Genesis Mining has committed $1 million of their own capital to seed the fund and enable growth. The Genesis Mining Fund. Genesis Mining CEO Marco Streng told Bitcoinist: “After receiving over $100,000,000 in inquiries from large-scale private investors and investment funds, we decided to launch an....
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Genesis Mining, which provides computer equipment to create bitcoins in the cloud, has launched the world’s first fund that invests in hardware used to create the digital currency, according to Reuters. The company said it registered the fund, called the Logos Fund, with the Securities and Exchange Commission and will invest $ 1 million in it. The fund will issue “pooled investment fund interests” to investors in an offering expected to last more than a year. Marco Streng, co-founder and CEO, said investors have expressed an interest in putting in $100 million. The minimum investment for....
Genesis Mining, the world’s largest Bitcoin cloud mining provider, has announced the launch of the world’s first regulated Bitcoin mining fund. The fund, to be called Logos Fund, has officially filed its Form D with the SEC. According to the fund’s website, the fund will also allow investors to gain exposure to bitcoins directly (in addition to Bitcoin mining operations). According to Genesis Mining, the company has received more than $100 million in inquiries involving Bitcoin mining over the past two years. While many Bitcoin enthusiasts have purchased their own equipment and started....
Bitcoin cloud mining provider Genesis Mining has announced they will be launching the world’s first Bitcoin mining fund, called Logos Fund. This fund will allow investors to become a part of Bitcoin, without having to get involved with mining or buying the cryptocurrency through an exchange. Similarly to how Bitcoin ETFs allow investors to get involved....
In a recent development, bankrupt crypto lender Genesis has settled with defunct crypto hedge fund Three Arrows Capital (3AC), ending a months-long legal battle. According to court documents, Genesis will pay $33 million to resolve the more than $1 billion in claims asserted by 3AC against the Genesis Debtors. Genesis Resolves Dispute With 3AC The […]
The BCMG Genesis Bitcoin Fund-I will be available to accredited Asian investors. The Malaysia-based BCMG Genesis Bitcoin Fund-I, or BGBF-I, has officially launched, claiming to have become the first insured institutional crypto product available in the Southeast Asian region.An announcement states the fund launched in response to a growing demand for institutional crypto products in Southeast Asia. The fund leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by Calfin Global Crypto Exchang, which purports to offer increased security for customer holdings.....