Max Keiser's crypto investment fund Bitcoin Capital has closed a $1.6m equity crowdfunding round.
Describing itself as "high risk, high return", Bitcoin Capital will invest funds in mining, early-stage startups and cryptocurrencies, with daily dividends paid out in bitcoin.
Mining profitability concerns
Bitcoin Capital's launch comes amid growing concerns about declining profitability for bitcoin miners. With the price remaining stagnant, miner's profits have dipped while their overheads, such as electricity costs, stay the same.
Speaking to CoinDesk at the time, CIO Jeffrey Smith noted the move was temporary and that operations would resume if bitcoin's price surpassed the $320 mark. At the time of press, bitcoin's price stood at $230.23.
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