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BitFuryCapital Makes First Investment in Bitcoin Wallet Provider

Avatar Jayanand Sagar 5 years ago

Newly-launched BitFury Capital announced Friday that they have made their first investment into the bitcoin ecosystem since launching.

A subsidiary of BitFury Group, BitFury Capital is a seed fund that launched in early July, and they say today they’ve made an investment in what has been described as a “prominent bitcoin wallet provider.”

Interestingly enough, BitFury Capital neglected to mention which wallet provider they invested in, and what the investment was valued at.

“We are happy to mark our first investment into the Bitcoin ecosystem,” said Marat Kicikov, managing director of BitFury Capital. “The new strategic partnership will further enable global bitcoin adoption. We are excited to be part of that story.”

The target mission, as described by BitFury Capital:

[blockquote style=”2″]The newly established BitFury Capital fund will support multiple players in the same segments of the wide and fast growing cryptocurrency industry on a non-exclusive basis. With focused approach to investing, BitFury Capital is seeking to partner with businesses that show potential in specific sectors such as Bitcoin-driven projects and startups, peer-to-peer projects (P2P), and latest innovations in renewable energy.[/blockquote]

“As the largest cryptocurrency transaction processing company, BitFury Group looks forward to bringing more consumers to the Bitcoin network,” said Valery Vavilov, BitFury Group CEO.

A Friday morning phone call and email from NEWSBTC to the BitFury office was not returned before the time of publishing.

Obviously, as I gather more information about this investment, I will update you accordingly.

Update 12:37 PM: A BitFury spokesperson responded to NEWSBTC:

[blockquote style=”2″]My apologies, but we cannot disclose the deal details at the moment.[/blockquote]

The spokesperson added that there is “exciting news in the pipeline,” however. Details will be available in the near future.

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