RATE Group | Firm With Ties To Former ‘Sheriff Of Wall Street’ Discloses $140 Million Bitcoin Fund
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Firm With Ties To Former ‘Sheriff Of Wall Street’ Discloses $140 Million Bitcoin Fund

13 May Firm With Ties To Former ‘Sheriff Of Wall Street’ Discloses $140 Million Bitcoin Fund

Posted at 05:07h in Bitcoin News by

New York Digital Investment Group (NYDIG) today disclosed it has sold nearly $140 million in a previously unknown bitcoin fund. The New York Company, granted a BitLicense from the state in 2018, revealed the fund in a Form D filing for exemption to the U.S. Securities and Exchange Commission dated today.

Formally called the NYDIG Bitcoin Yield Enhancement Fund LP, the fund began selling just a week ago, on May 5, according to the documents. Described as a pooled investment fund, meaning multiple investors participated in the capital raise, the investment group requested its exemption under Rule 506(b) of the Regulation D safe harbor protections established in 2013.

While little is known about the new…

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