The Chinese bitcoin-giant BTCC was bought by an unnamed investment fund from Hong Kong. This is reported by IBTimes.
We currently aren't releasing the information on the fund nor the amount of resources raised.
Only in 2017, the BTCC mining pool generated nearly $ 900 million in bitcoins, while the company's own currency exchange accounted for more than $ 25 billion. Also, last year, BTCC launched its own mobile Mobi wallet, which, according to the company, already has users more than in 180 countries of the world.
Today's acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years. I'm very excited about the resources this gives BTCC to move faster and aggressively grow our businesses in 2018 and beyond.
As added by the BTCC, in the future the company will focus on three main areas of work: the international mining pool, the Mobi wallet and the US dollar-based exchange.