Max Keiser’s Bitcoin Capital Reaches $1 Million Crowdfunding Goal on BnkToTheFuture
- Bitcoin Capital led by Max Keiser and Simon Dixon has successfully funded a $1 million recapitalization campaign using BnkToTheFuture.
Bitcoin Capital, the closed end fund managed by Max Keiser and BnkToTheFuture CEO Simon Dixon has achieved its goal of raising $1 million. Holding a crowdfunding campaign on the BnkToTheFuture platform, Bitcoin Capital sold a 50% of the fund to new investors.
Technically being called a closed end fund, Bitcoin Capital is a hybrid financial scheme. Following the recapitalization, the fund will be involved in venture capital, investing in cryptocurrencies, as well as in bitcoin mining, with dividends paid to shareholders being made in bitcoin. A portion of the future mining business comes from previous assets held by Bitcoin Capital before the current recapitalization. Overall the crowdfunding campaign is being marketed as an opportunity to invest in the entire cryptocurrency sector.
As a fund, Bitcoin Capital includes a 50% performance fee that it collects from dividends and appreciation of investments in cryptocurrencies and startups they invest in. In terms of the mining business, Bitcoin Capital expects to send investors daily dividend distributions from mining profits.
One area where Bitcoin Capital aims to provide domain expertise and value to their investors is via the venture capital portion of the business. Speaking to Simon Dixon, he explained to Finance Magnates that Bitcoin Capital will be investing in firms that are using the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term as a foundation of their business. Dixon referred to these firms as “Solving big problems using the technology of the blockchain”. As an example of companies they would be interest in, Dixon cited firms that are able to reduce fees fro remittance or using the blockchain for handling record keeping.
In terms of what crypto startups would gain by partnering with Bitcoin Capital, Dixon explained that the main value they bring to the table is marketing power. In addition, both Keiser and Dixon are expected to be able to provide firms with “connections to the entire industry” to assist in growing their businesses.
Like other campaigns on BnkToTheFuture, Bitcoin Capital crowdfunding was also open to investments made with cryptocurrencies. According to Dixon, about 20-25% of the $1 million raised came from crypto Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.
Bitcoin Capital, the closed end fund managed by Max Keiser and BnkToTheFuture CEO Simon Dixon has achieved its goal of raising $1 million. Holding a crowdfunding campaign on the BnkToTheFuture platform, Bitcoin Capital sold a 50% of the fund to new investors.
Technically being called a closed end fund, Bitcoin Capital is a hybrid financial scheme. Following the recapitalization, the fund will be involved in venture capital, investing in cryptocurrencies, as well as in bitcoin mining, with dividends paid to shareholders being made in bitcoin. A portion of the future mining business comes from previous assets held by Bitcoin Capital before the current recapitalization. Overall the crowdfunding campaign is being marketed as an opportunity to invest in the entire cryptocurrency sector.
As a fund, Bitcoin Capital includes a 50% performance fee that it collects from dividends and appreciation of investments in cryptocurrencies and startups they invest in. In terms of the mining business, Bitcoin Capital expects to send investors daily dividend distributions from mining profits.
One area where Bitcoin Capital aims to provide domain expertise and value to their investors is via the venture capital portion of the business. Speaking to Simon Dixon, he explained to Finance Magnates that Bitcoin Capital will be investing in firms that are using the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term as a foundation of their business. Dixon referred to these firms as “Solving big problems using the technology of the blockchain”. As an example of companies they would be interest in, Dixon cited firms that are able to reduce fees fro remittance or using the blockchain for handling record keeping.
In terms of what crypto startups would gain by partnering with Bitcoin Capital, Dixon explained that the main value they bring to the table is marketing power. In addition, both Keiser and Dixon are expected to be able to provide firms with “connections to the entire industry” to assist in growing their businesses.
Like other campaigns on BnkToTheFuture, Bitcoin Capital crowdfunding was also open to investments made with cryptocurrencies. According to Dixon, about 20-25% of the $1 million raised came from crypto Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.