Bitcoin blockchain technology developer Nchain acquired in what is claimed to be the industry’s largest deal

Golden Finance News - Last week, Nchain, a "research and development project organization based on Bitcoin blockchain technology", was acquired by high-tech private equity fund SICAV plc. Nchain said that this acquisition is the largest transaction in the cryptocurrency and blockchain industry to date, but the company did not provide any evidence of this transaction. In addition, the company has its own patents and claims to be related to Dr. Gray Wright, an Australian who claims to be Satoshi Nakamoto.

Nchain, a Bitcoin blockchain technology research and development company, was acquired for a huge sum. Image source: Golden Finance

Nchain, a company developing bitcoin blockchain technology, and its subsidiaries have announced that they have been acquired by SICAV, a high-tech private equity fund managed by Accuro Fund Solutions. The fund’s owners or investors have not been announced in the media.

Nchain, a company developing bitcoin blockchain technology, claims to be a group of companies with more than 60 scientific researchers, engineers and other professionals in Europe and the U.S.

According to news sources, the amount of the recent purchase of bitcoin blockchain technology developer Nchain was not disclosed. However, insiders with knowledge of the transaction said it exceeded the capital injection into 21st Century Business Herald, making it the largest acquisition in the bitcoin and blockchain development sector.

But according to CNBC, another source familiar with the acquisition revealed that Nchain has received $300 million in investment, but this has not been confirmed and the form of the investment is unknown.

The media asked Nchain but did not receive a response. Later media updates said that Nchain claimed that the acquisition was completed in the form of "old-fashioned cash", but still did not indicate the specific transaction amount.

Nchain said the project will provide Nchain, a bitcoin blockchain technology development company, with the ability to continue developing distributed ledger technology and prepare for large-scale global adoption of blockchain technology.

Arthur Davis, Director of Nchain Holdings Ltd., said:

“This acquisition gave us a glimpse into Nchain’s capabilities and it made me realize that we are entering a new digital era. This changes everything and puts us on what Nchain refers to as a ‘transaction network’.”