An EU-regulated fund, High Tech Private Equity Fund SICAV plc, managed by Accuro Fund Solutions, has acquired nChain, a technology group associated with Craig Wright, a scientist who previously claimed to be Satoshi Nakamoto.
SICAV claims the new acquisition is the biggest to date involving bitcoin’s underlying blockchain technology. SICAV put no value on the deal and did not mention Wright in its press release.
Reuters identified nChain, previously known as EITC Holdings, as Wright’s vehicle for filing hundreds of blockchain and bitcoin-related patents.
Records from the U.K. confirmed that the target company, under both the nChain and EITC names, has filed more than 80 blockchain- and bitcoin-related patents.
A $300 Million Deal?
A source close to the deal told Reuters $300 million was invested in nChain, but did not clarify over what time period.
Wright told Reuters the goal is to build bitcoin into a global “system with no ruler, no king.”
“All I do is to help grow the use of bitcoin, and I want to see it in daily use by at
Read more ... source: CryptoCoinsNews
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