BITCOIN STARTUP 21 INC. SCORES $116 MILLION IN VENTURE CAPITAL

Last year was a record year for Bitcoin when it came to venture capital investment, at almost $350 million in 2014. It looks like Bitcoin is approaching that amount already, and we’re not even through the first quarter of 2015 year. Bitcoin startup 21 Inc. has announced that they have secured $116 million in venture capital investment, setting a record for not just a Bitcoin startup, but for any Bitcoin company in the technology’s six-plus years.
21 Inc. looks to invest in Bitcoin ‘mass adoption.’
This company has been working diligently, and secretively, for over a year on securing this cache of capital, and it’s origins go back to late 2013. This was when they declared under a regulatory filing that they had received $5 million in funding. The name 21 Inc. comes from the twenty-one million Bitcoins that will be produced in total by the year 2140, once all the Bitcoin blocks have been successfully ‘mined’.

This post was published at Crypto Coins News on March 11, 2015.