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In one of its kind partnerships, Realio and Valentus Digital have closed the second fund for liquid mining fund, which is focused on investing in early stage, next-generation bitcoin mining businesses.
Realio has partnered with Valentus Digital to close its second fund for liquid mining fund, coupled with a conversion right for digital securities in LMX Token Issuer. Liquid mining fund is focused on investing in early-stage, next-generation bitcoin mining businesses. It will provide an opportunity to Bitcoin (BTC) with an alternate, structured investment vehicle to the investors.
Bitcoin mining revenues are skyrocketing to over $50 million per day since March 2021. The prices were $20million in mid-December 2020 since the prices of Bitcoin was increasing continuously at a peak of $60,000 per coin.
With the bull run of Bitcoin, investors continue to seek alternative exposure, transforming bitcoin mining into a lucrative and monetizable operation for decentralized and centralized markets. Bitcoin mining can withstand the bear markets considering the operations are coins mined as future assets.
Investment in Liquid Mining Fund is coupled with the right to convert equity ownership in Liquid Mining Fund into digital securities of LMX on the Algorand blockchain (known as ASAs), which will provide holders with the rights to revenues generated from bitcoin mining development and operations.
LMX anticipates the digital securities would be admitted for trading on the tZERO ATS, subject to customary due diligence, regulatory holding periods, and compliance with federal securities laws. The tZERO ATS is an alternative trading system that is operated by tZERO ATS, a FINRA member broker-dealer.
Derek Boirun, CEO and founder of Realio, the technology ecosystem for institutional-grade digital assets said that Liquid Mining Fund and LMX is a unique opportunity that monetizes the combined predictability of real estate with the asymmetric upside potential of Bitcoin mining operations. Combined with the liquidity potential quotation of our securities on tZERO ATS could bring, the product-market fit of LMX in the digital securities landscape couldn’t be better.
Soohuck Chun, co-CIO and co-founder of Valentus Capital Management said that the unique proposition that the company offers with the Liquid Mining Fund and LMX conversion will open up new avenues for the investor community who are seeking out structured bitcoin investment opportunities, without needing to invest directly in bitcoin.
The company had launched LMX in 2020 and has returned 50% of invested capital in six months from the initial investment.
