Sam Altman-backed startup will meanwhile launch a private Bitcoin lending fund

Sam Altman-backed startup Meanwhile will launch a closed-end Bitcoin lending fund.

The fund is called Meanwhile BTC Private Credit Fund LP and will provide institutional investors with access to Bitcoin with an additional target return of 5% BTC.

The fund itself will receive profit from lending in BTC.

Meanwhile plans to raise $100 million by the end of the first quarter of 2024.

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