Guggenheim says it could invest up to $530 million in a bitcoin trust as the cryptocurrency flirts with new record highs



a close up of electronics: REUTERS/Stephen Lam


© REUTERS/Stephen Lam
REUTERS/Stephen Lam

  • Guggenheim Partners revealed in a Friday regulatory filing that its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust.
  • The trust solely invests in bitcoin, and a 10% bet from Guggenheim’s fund equates to roughly $530 million.
  • The filing comes as bitcoin climbs back above $19,000 after tumbling through the Thanksgiving holiday. Though the token has more than doubled through the year, it still trades below its 2017 record of $19,783.06.
  • Watch bitcoin trade live here.

Guggenheim Partners is the latest Wall Street firm to show interest in bitcoin, and a Friday regulatory filing signals the firm could make a massive investment in the soaring cryptocurrency.

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Guggenheim revealed its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust, according to a

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[Funding Alert] Waste Recycling Company Thermowaste Solutions Plans To Invest $1 Mn For Expansion

Under their Swachh Bharat initiative, the platform aims to work closely with different stakeholders to ensure that plastic waste is handled and recycled properly

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Thermowaste Solutions announced to invest $1 million over the next two years to expand in more cities such as Jamshedpur, Hyderabad, Lucknow, and Ahmedabad to grow its recycling capacity.

The company at the forefront of sustainable waste management has expanded to seven major cities in the last six months such as Delhi, Ghaziabad, Noida, Faridabad, Jaipur, Muradabad, and Gurgaon.

“Recycling is more than just a response to the environmental crisis and has assumed a symbolic role in beginning to change

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Amazon to invest $300 million in South Korean e-commerce company 11st

  • Amazon plans to invest roughly $300 million in South Korean e-commerce company 11st, according to local reports.
  • The investment is part of an official partnership between the companies, announced on Monday.
  • Amazon’s move into South Korea shows its continued interest in international expansion, a segment that saw its sales grow 37% in its most recent quarter, after having decelerated to just 9% in the first quarter of 2019.
  • Amazon has struggled to establish an e-commerce presence in South Korea, a market that is expected to become the third largest in the world by 2023.
  • Visit Business Insider’s homepage for more stories.

Amazon plans to invest roughly $300 million in South Korean e-commerce company 11st, according to local reports, continuing its efforts to expand in overseas markets this year.

The investment is part of an official partnership announced on Monday, under which Amazon agreed to sell select products to Korean customers

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Amazon Web Services will invest $2.77 billion in Telangana for data centres



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The Amazon Web Services (AWS) will set up an AWS Region with three Availability Zones (AZs) in Hyderabad, Telangana, the IT service management company announced on Friday.

The AWS is set to establish data centres at three locations with an overall estimated capital investment of approximately $2.77 billion (Rs 2,0761 crore).

The AWS Asia Pacific region in Hyderabad is likely to start operations by mid of 2022. The AZs consist of multiple data centres in distinct locations within a single region that are engineered to be operationally independent of one another with independent power, cooling, physical security, and connections via a low-latency network.

On Friday, state IT minister KT Rama Rao tweeted, “Happy to announce the largest FDI in the history of Telangana!

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