Genesis Mining, a Bitcoin cloud mining provider, has aspirations for cryptocurrency that go way above the clouds. The firms has literally sent Bitcoin into space. It recently conducted the first-ever peer-to-peer financial transaction in space.
Genesis Mining sent a 3D Printed Bitcoin symbol with a real bitcoin wallet attached to it up to the Earth’s stratosphere (at altitude of 34 kilometers) and then sent a Bitcoin to that wallet.
This is not the firm’s first attempt to drive awareness to the cause of cryptocurrency by big publicity stunts, in April it sponsored billboards across California saying: “Your Wall Won’t Stop Bitcoin, Mr.Trump!”
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Marco Streng, the CEO and co-founder of Genesis Mining, commented: “Bill Gates expressed that Bitcoin is a better currency because ‘you don’t have to be physically in the same place.’ We thought, What better way to demonstrate this than by sending Bitcoin to Space?”
Genesis Mining was launched in early 2014, and by September 2016 had boasted reaching over 250,000 customers. Its management revealed that throughout the past two years of operation, Genesis Mining has received over $100 million worth of inquiries from professional investors looking to invest in bitcoin mining through a professional investment vehicle.
Earlier this year Genesis Mining announced the launch of the world’s first bitcoin mining fund registered with the U.S. Securities and Exchange Commission (SEC). The fund, which officially filed Form D with the SEC in February 2016, will be called Logos Fund and will cater exclusively to high net worth individuals, investment funds, and accredited investors looking to take part in the cryptocurrency ecosystem.