News list for " investment company"
The US investment company Pearl Fund announced the size of the $500 million Bitcoin fund Pearl Bitcoin Fund, it is reported that Pearl Bitcoin Fund will be the first investment fund in the United States to exempt Bitcoin investment capital gains tax, its solution allows investors to obtain tax-free Bitcoin appreciation after a 10-year holding period.
Li Yunze, director of the State Financial Supervision and Administration: The main body that initiates the establishment of financial asset investment companies will be expanded to qualified national commercial banks, and investment in science and technology enterprises will be increased.
Investment firm Republic will acquire crypto trading platform operator INX Digital (INXDF) at a valuation of up to $60 million. Republic Strategic Acquisition, a subsidiary of Republic, will acquire all outstanding shares of INX. The transaction is expected to close within eight months, subject to closing conditions. Republic is already an existing shareholder in INX, acquiring a 9.5% stake in INX in 2023. Upon completion of the transaction, Republic will be fully integrated into INX's operation...
On February 26th, the State Administration of Financial Supervision and the National Development and Reform Commission held a symposium on the pilot of equity investment in financial asset investment companies. Five financial asset investment companies, including ICBC Investment, Agricultural Bank Investment, Bank of China Assets, CCB Investment, and Bank of Communications Investment, introduced the pilot work and effectiveness of equity investment, and put forward opinions and suggestions on op...
Hong Kong investment firm HK Asia Holdings Limited announced further investments in Bitcoin, purchasing approximately 7.88 BTC at a price of approximately $761,000 on February 20, 2025. The decision follows a previous investment disclosed on February 16, 2025, bringing the company's total bitcoin holdings to approximately 8.88 BTC at an average cost of approximately $97,000 per unit. The company's board of directors approved the deal, funded from its internal resources.
On February 18, after Hong Kong investment company HK Asia Holdings Limited disclosed that it had purchased a bitcoin, its share price nearly doubled in trading on February 17. HK Asia said in a February 16 announcement that it "purchased a total of 1 unit of bitcoin at a price of approximately $96,150" on February 13, "funded by internal resources of the group". According to Google Finance, the company's shares closed up nearly 93% at HK $5.50 (71 cents) on the Hong Kong Stock Exchange on Monda...
Smart Valor, a cryptocurrency exchange and AI-led investment firm, is exploring the possibility of selling all or part of its business. Its CEO and co-founder Olga Feldmeier said the company is conducting a strategic review after receiving a series of inquiries from major global exchanges, cryptocurrency platforms, and traditional financial institutions, including banks and trading platforms. According to two people familiar with the matter, consultants are conducting an auction with a deadline ...
Dubai-based investment firm Sigma Capital has launched the $100 million Sigma Capital Fund I, which focuses on early-stage ventures in the Web3 and blockchain space. The fund will invest in DeFi, blockchain infrastructure, real-world asset tokenization, gaming, and the meta-universe. In terms of investment strategy, Sigma Capital plans to manage a liquid token portfolio and adopt a high-yield DeFi approach to improve returns. Over the next three years, Sigma Capital plans to invest in 100 early-...
Digital asset investment firm CoinShares has announced a reduction in the management fee for its flagship product, CoinShares Physical Bitcoin ETP (code: BITC; ISIN: GB00BLD4ZL17), from 0.35% to 0.25% effective immediately.
Fidelity Investments Canada has cut management fees for the Fidelity Advantage Bitcoin exchange-traded fund.
The newly formed crypto investment firm Metalayer has filed with the Securities Exchange Commission (SEC) to set up a $25 million fund to focus on investments in the crypto industry. It is reported that Metalayer has completed its first round of fundraising and received $20 million in subscribed capital. It is expected to raise funds by the end of the year. The three founders of Metalayer are former executives of Two Sigma Ventures, including former head of digital assets Andy Kangpan. It is und...
On his social media platform, Mr. Musk retweeted a video of migrants from Mars posted by Mario Nawfal, founder and CEO of Dubai-based venture capital firm IBC Group, saying it was backed by the creators of the "meme" OG. In the video, Richard Dawkins, a prominent scholar, praised Musk's plan to colonize Mars as "practical and a great challenge."
Animoca Brands, a Hong Kong-based digital entertainment and venture capital firm, announced it has raised $10 million to build its consumer network, Mocaverse. Participants in the round include OKX Ventures, CMCC Global, HongShan, Republic Crypto, Decima Fund and Kingsway Capital. Mocaverse raised $20 million in September 2023 and another $11.88 million two months later.
According to a Bitcoin News post on social media, grey release investment company (Grayscale Investments) announced that its grey release bitcoin mini-trust ETF and Ethereum mini-trust ETF will begin reverse stock splits on November 19. BTC funds will be split 1 to 5 and ETH funds will be split 1 to 10.
Ari Paul, founder and CIO of digital asset investment firm BlockTower, posted on social media that he is currently in the early part of the overall bull market (i.e. probably 70% progress, or 66% progress). Recent buyers are preparing for a 6-12 month rally, more institutional than retail speculation. He personally expects the market to produce a fairly gradual rally at this stage, which could see 90,000 USD or even 125,000...
