Vemanti Group Invests in Bitcoin and Cryptocurrencies

NEWPORT BEACH, Calif., Nov. 28, 2017 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (OTC PINK:VMNT), a technology-driven holding company, today announced that it has made investment into cryptocurrency starting with holdings in Bitcoin, Ethereum, and Litecoin as part of its overall corporate strategy and commitment to blockchain technology. The Company expects to report its assets in cryptocurrency investing activities in the next quarterly report.

The cryptocurrency market size is expected to reach $2.9 trillion by 2023 from $541 million in 2017 at a compound annual growth rate (CAGR) of 32.31% between 2017-2023, according to RnRMarketResearch.

"This first phase of investments into cryptocurrency fits our long-term plans and represents our strong commitment to blockchain. Going forward, we’re going to do more as we see a wide range of opportunities and potential applications ahead of us,” stated Tan Tran, CEO of Vemanti.

The retail-driven Bitcoin has officially hit its highest mark a few days ago on growing signs of mainstream adoption. Bitcoin rose more than 6 percent to a record high of $8,725 at the end of last week, according to CoinDesk (www.coindesk.com), a news site specializing inbitcoinanddigital currencies. Another digital currency,Ethereum, also hit an all-time high of $485, according to CoinMarketCap (www.coinmarketcap.com), a website that tracks the alternative coins that has hit the market as well as Bitcoins. In addition to retail growth, many hedge funds have stated that they’re about to enter this space, vastly increasing the institutional presence in cryptocurrency markets. Analysts such as the normally bearish Tom Lee, Wall Street Strategist at Fundstrat, has recently urged his clients to jump back onto the Bitcoin Bull and ride it to a predicted 40% growth by Mid-2018. This comes after turning back from their short-term neutral approach. At press time, Bitcoin’s price listed on Coindesk was $9,629.

"Cryptocurrency is an important new asset class. Bitcoin certainly does show some volatility, but digital currencies overall have a long way to go before fulfilling their potential as the building blocks of a next generation of the internet. We expect Bitcoin and some popular cryptocurrencies will continue to trend up with higher valuations. Besides the previously mentioned coins, we’ll be looking at making investments in other digital currencies and new token sales known as initial coin offerings as well. The purpose behind this is simple and two-fold, first to quickly increase our assets and grow shareholder value, second, to identify opportunities and prioritize our blockchain product and business development roadmap going forward,” further commented Mr. Tran.

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTC PINK:VMNT) is a Nevada corporation headquartered in Newport Beach, California. We are a technology-driven holding company that seeks to be active in high-growth and emerging markets. Our core strengths are in technology development and investment. We plan to grow through acquisition and investment in disruptive and foundational technologies by targeting early-stage businesses that have market viable products or by starting a new subsidiary of our own. Strategically, we focus mainly on early-stage Fintech and E-commerce companies based on blockchain technology. For more information:http://www.vemanti.com

Legal Disclaimer

This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.

Contact Information
Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com