UK firm launches service for company treasuries to invest in Bitcoin

UK firm launches service for company treasuries to invest in Bitcoin

U.K.-based crypto firm BCB Group is looking to provide corporations with a way to put Bitcoin on their balance sheet by launching a dedicated treasury. BCB Group, a global digital financial services firm, is planning to help corporations navigate cryptocurrencies like Bitcoin (BTC) by launching a dedicated service.According to a Feb. 19 announcement, BCB Group has launched BCB Treasury, a new service designed for corporate treasury departments seeking to get involved in Bitcoin à la Tesla. The new service aims to provide a specific solution enabling access to treasury management for....


Related News

Augmented Reality Firm Nextech AR Joins the Bitcoin Treasuries Bandwagon, Buy...

On the heels of the Canadian company Mogo purchasing bitcoin for treasury reserves, the British Columbia-based augmented reality firm Nextech AR Solutions has announced the purchase of $2 million in bitcoin. Nextech’s chief executive officer Evan Gappelberg says the firm may add more in 2021. Bitcoin (BTC) is becoming a treasury reserve mainstay for a number of well known companies, as a great number of businesses have joined the trending bitcoin treasuries bandwagon. On Tuesday, the Vancouver, British Columbia company Nextech AR Solutions (OTCQB: NEXCF) announced the initial....

GreenBank Capital Launches Two Bitcoin Investment Companies

Canada-based GreenBank Capital, a newly-formed investment company, has launched two brand new investment companies that surround the cryptocurrency bitcoin. The goal? To invest in bitcoin-related businesses and improving the cryptocurrency ecosystem. The first of the two companies is Bitcoin Canada Investments Inc - designed to exclusively fund bitcoin projects. The second company is known as Bitcoin Angel Capital. This company will also invest in bitcoin projects, but will expand the frontier and also invest in altcoins. Each investment firm's portfolio will be subject to a 10% fee by....

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of C...

Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only strengthened over the....

Shenzhen-listed ICT Company Plans to Invest $155 Million in Microbt Bitcoin M...

A Shenzhen-listed information and communications technology (ICT) company ZJBC has plans to invest in the bitcoin mining sector according to a recent announcement. ZJBC says that it aims to spend up to $155 million on Microbt manufactured ASIC mining rigs. Chinese ICT Firm ZJBC to Invest $155 Million Into Microbt Hardware A well known firm listed in Shenzhen (SZSE) with $900 million in market capitalization, Zhongjia Bochuang (ZJBC) has partnered with Microbt, according to the company announcement published on March 9th, 2021. ZJBC is an ICT firm and it plans to spend $155 million with....

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....