The Bitcoin Group Gets an Investment Fund before the Launch of Its IPO

The Bitcoin Group Gets an Investment Fund before the Launch of Its IPO

The Bitcoin Group Limited - Australia's largest operator for mining bitcoin, has received a boost in cash via investment platform BnkToTheFuture in return for shares in the company ahead of the planned launch of the mining operator's IPO on November 11, 2015. In the weeks leading up to the launch of the world's first bitcoin mining IPO, Australia-based Bitcoin Group Limited has, with the help of investment platform BnkToTheFuture, launched a 'pre-IPO,' with the setup of an investment fund. The fund, at the time of publishing this article, has raised close to USD $3 million of its USD $3.63....


Related News

Fortress Investment Group to Launch Bitcoin Fund

New York City-based Fortress Investment Group, a publicly traded company, is reportedly planning to launch a bitcoin investment fund. It's being reported that the investment vehicle may be an unlisted Exchange Traded Fund (ETF). It appears that there might be some association between Fortress's effort and that of San Francisco-based Pantera Capital. Pantera, which has as clients some Fortress executives, has filed with the Securities and Exchange Commission (SEC) an investment advisor entity called Pantera Bitcoin Advisors, LLC. The filing shows Pantera Capital as the owner of the LLC,....

First Regulated Bitcoin Investment Fund to Launch on Island of Jersey

The island of Jersey has approved the launch of a bitcoin investment fund, which the government claims will be the first such fund to be regulated. Called the Global Advisors Bitcoin Investment Fund (GABI), the fund received regulatory approval from the Jersey Financial Services Commission (JFSC) earlier this week. The fund, set up by Global Advisors Jersey Limited (GAJL), is set to launch on the 1st August. The Island of Jersey is the largest of the Channel Islands and is a self-governing British Crown dependency. Due to its liberal tax policies the island developed into a tax haven....

$20 Million Bitcoin Fund Launched by Chinese Investor Huiyin Group

Bitcoin startups are due to see a windfall in investment after multibillion-dollar Chinese investment firm Huiyin Group announced the launch of its bitcoin- and blockchain-specific subsidiary fund, Huiyin Blockchain Ventures (HBV). As stated on its website, the new subsidiary fund will partner “with innovative start-ups and entrepreneurs to help them grow and define the future of the blockchain economy”. The fund will look toward investing $20 million in bitcoin and blockchain companies over the course of 2016. HBV will be managed by James Wo, who is the son of the founder of the Huiyin....

German Bank to Launch Bitcoin Investment Fund in January

German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called ‘HAIC Digital Asset Fund I.’ Hauck & Aufhäuser will manage the fund while Kapilendo will act as the crypto asset depository. ● The minimum investment in the fund is 200,000 euros ($242,000),....

China's Huiyin Group Launches $20 Million Bitcoin Fund

Huiyin Group, a multibillion-dollar investment company based in China, has announced the launch of Huiyin Blockchain Ventures (HBV), a subsidiary fund focused solely on investments in the sector. Launching with $20m in committed capital, HBV will now seek to invest the funds over the course of the next six to 12 months. The fund will be managed by James Wo, the son of Huiyin Group founder, and focus on improving the blockchain ecosystem through investments in infrastructural projects and new use cases. But while the firm may have "blockchain" in its name, those close to the fund....