Investor Group Offers to Buy Mt. Gox for One Bitcoin
A group of investors has offered to buy bankrupt Japan-based bitcoin exchange Mt. Gox, as part of a bid that will require the approval of its Japanese bankruptcy court. The investors are offering to pay 1 BTC for the troubled exchange, an amount which, at press time was worth $383, according to the CoinDesk Bitcoin Price Index (USD BPI). The Wall Street Journal reported that the investor group would assume all of Mt. Gox's liabilities and obligations. In documents submitted to the Japanese bankruptcy court, the group reportedly outlined plans to resuscitate Mt. Gox, which included....
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A group of investors are seeking to stop the defunct Japan-based bitcoin exchange Mt. Gox from being liquidated following its failed bankruptcy bid. A final decision will be made by 9th May by a court-appointed administrator as to whether or not Sunlot Holdings - which represents the investor group - is granted permission to buy out the exchange. Mt. Gox was placed into liquidation on 16th April, with Japanese courts citing the difficulty in resurrecting the exchange as well as the dwindling likelihood of this possibility as key reasons for recommending the move. However, it's exactly this....
Major bitcoin mining and blockchain technology firm Bitfury reportedly received bids from various investors and assets under management (AUM) funds over the past week as bitcoin price surged past US$800. In response, Bitfury Vice Chairman George Kikvadze firmly declined their offers, stating that the company isn’t and will not be interested in selling....
Late Thursday evening when Gil Luria of Wedbush Securities and Iannounced on Twitterthat Fortress Investment Group (NYSE: FIG) is probably the first public company to purchase and hold Bitcoin, there was an additional filing that same evening I made note to review. This filing with the Securities and Exchange Commission was theannual report (10K) for SVB Financial Group. SVB Financial Group offers "diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Bank, SVB Financial Group {which} provides clients with commercial, investment,....
A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto investment outfit, Africrypt, with $5 million, a report has said. However, investors have been given seven days to accept an offer that was made on December 3, 2021. As previously reported by Bitcoin.com News, another unknown investor had....
On May 6, 2015, Cryptor Trust launched Blockchain Investor Inc. (BCI), a blockchain technology investment company. Cryptor Trust, a global investment company for bitcoin and cryptocurrency assets, has developed BCI to facilitate investments in industry-leading blockchain technology companies. Both small and large-scale investors from around the globe are invited to participate in the Blockchain Investor Inc. open cryptocurrency offering until June 5. A total of 50,000,000 shares will be offered at a fixed per share value of 0.001 BTC and a total of 50,000 BTC.