Bitcoin exchange Bitstamp received $10m in hedge fund investment last year, according to a new Bloomberg report.
The money came from Pantera Capital Management LP, “the hedge fund that manages money for Fortress Investment Group LLC (FIG) executives”, Bloomberg said. If true, it would be one of the largest single investments in a bitcoin-related business to date.
Bitstamp has been a huge beneficiary of the collapse of Mt. Gox, multiplying its share of dollar trades by up to 50% since February. It now has at least 35% of the total bitcoin trade market share, according to bitcoincharts.
March 17, 2014 at 10:56AM
