26 Dec '16, 8am

Bitfury Receives $43 Million Bitcoin Sale Requests, Firmly Declines

Bitfury Receives $43 Million Bitcoin Sale Requests, Firmly Declines

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 their bitcoin in the future. On social media, Kikvadze revealed that the Bitfury group received offers from large-scale and high profile investors as the bitcoin price surpassed the $800 margin. Many analysts and experts including Civic CEO and angel investor Vinny Lingham predicted bitcoin price to go straight to $900 once it hits $800. Such predictions and the rapidly rising demand for bitcoin in countries like China pushed conventional investors to purchase bitcoin. Also read: Bitfury Introduces ‘Flare’ Routing Solution fo...

Full article: https://news.bitcoin.com/bitfury-receives-43-million-bitc...

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via @qz

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via @feeonline

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