Bitcoin China sells 100% of its shares: 4 major shareholders cash out

IT Technology reported on February 11 that Bitcoin China shareholder Yang Linke said that 100% of BTCC shares were transferred to a Hong Kong investment fund, and the original four largest shareholders, including Li Qiyuan, Lightspeed Capital, Yang Linke, and Huang Xiaoyu, all sold their shares to cash out.

It is reported that the transaction did not reach 10 billion yuan and the transaction data was not disclosed.

In addition, IT Technology has previously reported that BTCC has been officially acquired by a Hong Kong blockchain investment fund. After the acquisition, BTCC stated that it will more aggressively develop international market business, including BTCC mining pools.

It is understood that the BTCC mining pool was launched in October 2014 and mined nearly $900 million worth of Bitcoin in 2017. The company also launched a digital asset wallet called Mobi, which supports transactions in Bitcoin, Litecoin, Ethereum and Bitcoin Cash.