The Paris-based asset manager, Melanion Capital, is creating a new business that will acquire “green and clean” bitcoin-focused companies.
Melanion Capital says the new business — a special purpose acquisition company — will invest in firms that mine, lend, trade, and hold Bitcoin mined with renewable energy sources. The asset manager is supervising several crypto ETFs (exchange-traded funds).
Melanion Capital says it will only use digital tokens that have never been used before, and Bitcoin mined through an eco-friendly process (or where its origin is well known).