Saturday, March 22, 2014
Bitcoin Startups Get More Than $117 Million Led by North America
Bitcoin startups in North America have received the lion’s share of the digital currency’s venture-capital investments, drawing $98.6 million to date, according to a report from researcher Aite Group LLC.
Investors have funded 19 Bitcoin startups in the region, compared with nine in Asia totaling $13.3 million and three in Europe with $5.6 million, according to the report by Boston-based Aite, which surveyed merchants, banks, regulators and Bitcoin companies.
Bitcoin, the most popular digital currency, is drawing attention from institutional investors after evolving over five years from an intellectual novelty into a global financial network. Pantera Capital Management LP, the investment firm run by Dan Morehead, disclosed in a December regulatory filing that it had formed a $147 million investment fund for Bitcoin. SecondMarket Inc. said yesterday it’s seeking approval for its Bitcoin Investment Trust to trade publicly by year’s end. - READ MORE
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