Meanwhile Group, the financial services company backed by OpenAI CEO Sam Altman, is launching a $100 million Bitcoin (BTC) fund.
Meanwhile Group 100 million dollar Bitcoin fund took action for. In bitcoin to institutional investors 5% additional return The fund aims to provide first quarter of 2024 till the end collect 100 million aims to become operational after
According to the details shared by The Block, the fund will receive dollars from investors and then convert these assets into Bitcoin and sell them via Bitcoin. For users who want to borrow will present. In this way, the obtained 5% returnto fund investors Will be paid in Bitcoin.
Co-founder and CEO of Meanwhile Group Zac Townsend in the press release, Bitcoin will be more valuable in the future He emphasized that funds like this will increasingly come to the fore:
A thriving Bitcoin economy is inevitable, but robust capital markets are essential to realize this future and maximize its potential. This private credit fund offers unique potential for institutional investors to unlock the full value of their Bitcoin assets without compromising their ownership and capture a unique opportunity for optimized returns. In our view, Bitcoin will be much more valuable in the future. We offer investors a first-of-its-kind investment product to increase their exposure to the asset.