Grayscale has created a structure for investment in bitcoin major
Grayscale Investments has launched a digital asset that has launched a product for joint investment in Bitcoin mining against cryptosim.
The structure is controlled by the Grayscale Digital Infrastructure Opportunites (GDIO) unit.
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The solution was implemented jointly with the affiliated Mining company Foundry. Both companies are Digital Currency Group Barry Silbert.
Grayscale expected that a bearish cycle in the crypto industry will open opportunities for buying equipment for mining Bitcoin “at significantly reduced prices”.
“Our team has long been striving to reduce the barrier for investment in cryptosystems – from direct access to digital assets to diversified thematic products, and now infrastructure via GDIO,” said CEO Grayscale Michael Zonnenshain.
The control of the largest mining Bitcoin Poulet Foundry will ensure operational management of the new structure.
“As part of the mission to increase the possibilities of decentralized infrastructure, we are pleased to cooperate with Grayscale to expand investment options in Bitcoin mining at this right time,” said CEO Foundry Michael Kile.
Investments in GDIO are available by qualified individual and accredited institutional investors. Grayscale expect to distribute profit on a quarterly.
After 3-5 years, after changing market conditions, the company will consider the output strategy for GDIO, possibly with the sale of equipment.
Recall that Grayscale analysts allowed the completion of cryptosima by the end of March 2023.
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