U.S. Global Investors Taps Into Virtual Currency Market
Frank Holmes stopped by Bloomberg Radio during a recent trip to London to discuss the future of bitcoin.
San Antonio Business Journal reporter Kristen Mosbrucker spoke with Frank Holmes on U.S. Global Investors’ recent investment in the digital currency world, specifically in regards to blockchain technology. Frank explains that he had been searching for a way to enter the crypto space for a while, but continued to see roadblocks in creating a fund due to strict regulations. “We want to be innovative,” he said.
Eventually, Frank says he found an alternative way to get involved, investing in Toronto-based HIVE Blockchain Technologies. Read how U.S. Global’s stock price has reacted to this strategic move and why Frank believes blockchain is the future.
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Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly.
U.S. Global Investors owns a 65 percent interest in Galileo Global Equity Advisors.