Bitcoin Group seeks ASX listing

Melbourne-based Bitcoin Group could be the first bitcoin-related company to list on the Australian Securities Exchange, detailing plans to hit ASX boards in November, The Australian Financial Review reports.

The firm, which runs an arbitrage fund that moves money around when prices move markedly away from historical averages on major bitcoin exchanges, is hoping to raise $20 million from investors.

“It’s a cleanskin listing,” founder Sam Lee told the AFR. “We’re not doing a reverse listing because we only want people who believe in us, instead of having a whole lot of baggage along for the ride.”

Mr Lee said he hoped the IPO would “legitimise” both Bitcoin Group and the broader industry.

Originally published as Bitcoin Group seeks ASX listing