“Fortress has invested directly in Pantera Bitcoin Partners, the limited liability company overseeing Pantera’s Bitcoin fund. Moreover, all future purchases of Bitcoin or other crytpocurrencies by Fortress and its principals will be made via Pantera. In addition to Fortress, Pantera has received investments from venture capital firms Benchmark and Ribbit Captial. Those three firms also recently partnered to invest $20 million into Bitcoin ‘vault’ company Xapo, which happens to hold Pantera Bitcoin Fund’s assets (Pantera also made a small co-investment on that deal, which had not been previously disclosed).”
http://finance.fortune.cnn.com/2014/03/18/bitcoin-hedge-fund/
Related posts:
Small businesses want Canadians to ditch credit cards every Friday
Edward Snowden’s leaks cause editorial split at the Washington Post
Powerless and clueless: 684 million Indians without power
Chicago Public Schools' pain is these financial firms' gain
Will NYC Get Its First Bitcoin ATM in 2014?
China Plans Ban on Imports of Coal With High Ash, High Sulfur
Dorner manhunt: LAPD officers opened fire on mother, daughter
Joe Klein defends the murder of children by drones
John McAfee reveals details on gadget to thwart NSA
Joe Biden's Case That Waging War Without Congress Is an Impeachable Offense
Crooks steal $1.5M in iPads from JFK
Shots fired during FBI warrant search in District Heights
U.S. ‘influenced British government’s decision to introduce secret courts’
Teen kills Alaska reality TV cops arresting his dad for revoked license
Women in combat no later than 2016, Pentagon says