BnkToTheFuture Launches Fund to Invest in Bitcoin Group as IPO Approaches

BnkToTheFuture, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term-focused Crowdfunding Crowdfunding Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Read this Term platform, has announced its launch of a fund to invest in Bitcoin Group (ASX:BCG) in anticipation of its IPO.

Bitcoin group, whose primary business is the mining of bitcoins, was approved to go public on the Australian Securities Exchange (ASX) after a lengthy review process. The company got clearance early last month, making it the first crypto company to go public through the IPO process. All other publicly traded crypto companies have taken the "back door" route via the reverse merger process.

Shares of Bitcoin Group will debut for trade on November 11 as ASX:BCG.

The IPO plan is to issue 100 million new shares, at A$0.20 each, raising A$20 million ($14 million) through the offering.

The crowdfunding platform has raised $2.96 million (81.5%) of its $3.63 million investment goal.

Bitcoin Group CEO Sam Lee believes that the IPO will bring more legitimacy to the industry and transparency for investors.

The IPO also opens up another avenue for those looking to gain exposure to the mining economy. Investors won't have worry about maintaining equipment by mining on their own, nor deal with opaque mining contracts.

Bitcoin mining is a high reward, high risk game for investors. Bitcoin prices have a major impact on profitability; unexpected drops can render a well-capitalized operation unprofitable overnight. Conversely, any bitcoin price appreciation above the break-even point is pure gravy for investors.

One ought to note that the other publicly traded crypto company in Australia, Digital BTC, was also involved primarily in bitcoin mining. However, it recently got out of the game after suffering losses due to declining bitcoin prices.