Miami Secures $4.8B Investment from Dubai Private Equity Group
Last Updated: 26 February 2021
Dubai-based private equity firm IBC Group wants to help Miami become a crypto-centric city with its recent investment.
The private investment firm has pledged a startling $4.8 billion to make Miami’s dream of becoming the go-to destination for companies in the crypto sector a reality. This will see them part with an equivalent value of 100,000 BTC, according to a press release.
IBC Group Wants To Fulfill Mayor Suarez’ Dream
Khurram Shroff, Chairman of Dubai-based IBC Group, said the investment would be used to set up the Miami 2.0 Blockchain Strategy Foundation and aid other related venture projects.
Chairman of Dubai’s IBC Group Pledges 100,000 Bitcoin for Miami 2.0 Blockchain Strategy Foundation: Report
IBC Group in Dubai, has pledged 100,000 Bitcoin for the Miami 2.0 Blockchain Strategy Foundation. At its current price point, 100,000 BTC is worth a whopping $5 billion. And if some prognosticators get it right, a lot more by the end of the year.
According to LinkedIn, Shroff has been involved with Bitcoin since 2009 – prior to him becoming Chairman of IBC Group – a real estate and tech investment firm. In late 202o, Shroff’s IBC Group committed $10 Million to ETH 2.0 to support the launch of the Ethereum upgrade.
Shroff is also Chairman of
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