The Chinese Bitcoin-giant BTCC was purchased by an unnamed investment fund from Hong Kong. The funds received as a result of the transaction will be used to expand the international presence of the conglomerate after leaving the Chinese market.
“At the moment we do not disclose information about the fund itself or the amount received,” the BTCC representative said.
“This transaction has become an incredibly important and significant event for the BTCC, justifying all the tremendous work that we have done in recent years. I am very happy that the funds received will help BTCC move faster and aggressively develop our business in 2018 and beyond, “said Bobby Co co-founder Bobby Lee.