Fortress-Linked Pantera Said to Invest in Top Bitcoin Exchange
March 17 (Bloomberg) -- Pantera Capital Management, the hedge fund that manages money for Fortress Investment Group executives, invested about $10m in Bitstamp months before the startup emerged as the world’s dominant dollar-Bitcoin exchange, according to three people briefed on the deal.
* Infusion late last yr ranks among the largest single
investments in a Bitcoin venture and is part of a broad
Pantera strategy to build a brand in the Bitcoin world, the
people said * London-based Bitstamp’s share of dollar-Bitcoin trades
multiplied from mid-Feb. to as much as 50% after collapse of
Mt. Gox, once the world’s top Bitcoin exchange, according to
data from Coinometrics, a Bitcoin research firm
For Related News and Information: Wall Street Bitcoin Fans Try to Make Real Money From Virtual NSN MYZLFQ6S972S <GO> Mt. Gox Files for Bankruptcy After $470 Million Bitcoin Loss NSN N1Q9Q06K50YO <GO>
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