From CoinDesk.com
![](http://www.greenbankcapitalinc.com/wp-content/uploads/2013/03/logo-v51.png)
Bitcoin Canada Investments Inc and Bitcoin Angel Capital.
Bitcoin Canada will invest exclusively in bitcoin, while Bitcoin Angel will invest in early-stage projects in bitcoin as well as other cryptocurrencies. GreenBank plans to spin-off both companies at a later date, listing their shares publicly on the Canadian Stock Exchange.
GreenBank will maintain a hands-on approach, managing the bitcoin investment portfolio in both subsidiaries for a 10% fee of portfolio appreciation. The company said in a statement:
GreenBank intends to make a private placement to accredited investors of up to $5,000,000 Debentures with conversion rights into 90% of the common shares of Bitcoin Canada and Bitcoin Angel.”
More at CoinDesk...