An investment vehicle for the virtual currency bitcoin has gained backing from some prominent investment firms, according to its parent company Pantera Capital Management.
Pantera Bitcoin Partners is an investment fund focused exclusively on bitcoin, other digital currencies, and companies which focus on them. Pantera announced Tuesday that Fortress Investment Group, a global investment firm based in lower Manhattan, will acquire a stake in its fund as well as California-based venture capitalists Benchmark and Ribbit Capital.
"These shareholders and their principals will generally make their purchases of bitcoin and other digital currencies via investments in Pantera," Pantera said.
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