BiT Capital, a Canadian bitcoin investment firm, has committed up to $10 million in seed funding for BitAccess, an Ottawa-based bitcoin ATM startup.
Although the funds will be invested gradually over the next one to two years, the commitment itself represents the largest seed investment yet into a bitcoin-related venture – eclipsing the $9 million seed round raised by Jeremy Allaire’s Circle Internet Financial in October of last year.
BiT Capital’s founder, John Bridge, will also join the BitAccess board of directors.
February 05, 2014 at 06:10PM
