Bitmain Sells Bitcoin, Buys Bitcoin Cash – Now Holding 5% of Circulation
Posted: Sat Aug 11, 2018 1:15 pm
Bitmain has sold much of its Bitcoin for Bitcoin Cash, according to a pre-IPO document:
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they’ve bled half a billion in the last 3 months. If Bitcoin Core devs didn’t disclose the Bcash vulnerability, it could’ve wiped a billion dollars off their balance sheets. pic.twitter.com/9BMywdvvby
[url=https://simplefx.com/dashboard/?utm_source=financemagnates.com&utm_medium=pr26062018&utm_content=SFX&utm_campaign=FXmedia]Time to buy the dip?[/url]
— Samson Mow (@Excellion) August 11, 2018
As Bitmain prepares to list itself on a stock exchange, most likely that of ... (read more)