Crypto asset management giant Grayscale is rolling out a new investment product focusing on Bitcoin (BTC) mining.
According to a new press release, the company now offers private investment in Bitcoin mining hardware through the Grayscale Digital Infrastructure Opportunities LLC (GDIO).
[adinserter block="1"]Explains Grayscale chief executive Michael Sonnenshein,
“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles. Our team has long been committed to lowering the barrier for investing in the crypto ecosystem – from direct digital asset exposure, to diversified thematic products, and now infrastructure through GDIO.”
Grayscale bills the product as “designed to capture the upside of crypto winter.” The investment’s operations will be managed by the company’s affiliated digital asset mining and staking infrastructure firm, Foundry.
GDIO is open to individual and institutional accredited investors. Accredited investors are defined by the U.S. Securities and Exchange Commission (SEC) as individuals with $200,000 in annual income or $300,000 in joint income for the last two years and the expectation that they will match that in the current year.
Grayscale currently offers 17 other digital asset investment products. The largest is the Grayscale Bitcoin Trust (GBTC), which has more than $12.7 billion worth of assets under management at time of writing.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Who is Danny
