The Bitcoin Fund

Canaccord Genuity Acts as Sole Bookrunner and Sole Agent to The Bitcoin Fund on its US$50 Million Marketed Offering of Class A Units

Canaccord Genuity is pleased to announce that on November 30, 2020, it completed a marketed public offering for The Bitcoin Fund (the “Fund”) (TSX: QBTC & QBTC.U) for total gross proceeds of ~US$50 million. The Fund intends to use the net proceeds from the offering in accordance with the Fund’s investment objectives and investment strategies which include providing unitholders with exposure to the digital currency Bitcoin.

3iQ Corp. (“3iQ”) acts as trustee, manager, portfolio manager and promoter of the Fund. Founded in 2012, 3iQ has focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-crypto asset fund for Canadian accredited investors. Access to these new technologies can be complicated, costly, and inconvenient. 3iQ has worked through a stringent regulatory process to offer investors convenient and familiar investment products to gain exposure to digital assets.

The Canaccord Genuity team included Michael Shuh and Todd Radons from Investment Banking, Len Sauer and Kylie Lee from Equity Capital Markets and Gordan Chan from Retail Syndication.