Bitmain holds nearly $600 million worth of Bitcoin Cash
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According to Cryptovest, investors recently saw on a pre-IPO information page that Bitmain, the world's largest mining equipment manufacturer, has $500 million worth of Bitcoin Cash. Blockstream CSO Samson Mow tweeted on August 11 that Bitmain sold most of its Bitcoin in the past three months for $500 million worth of Bitcoin Cash. Mow indicated that if Bitcoin's core developers did not find the vulnerability in the BCH network in time and let the developers fix it, the company would lose all its investment. Bitmain’s motive for this behavior is currently unclear. |
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