American Largest Financial Holding Invests in Hong Kong Crypto Company
REUTERS/Brian Snyder
Main page News, Fintech, Institutional Investors, Crypto Market, Cryptocurrency
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23 February
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American multinational financial services holding Fidelity International has invested $14.2 million in Chinese virtual asset platform for big investors — BC GroupBC Group, Bloomberg reports.

The financial holding has acquired approximately 17 million shares of BC Technology Group Ltd. for a price of $0,83 per share. From now on, Fidelity is a substantial shareholder with a 5.6% position.

Fidelity to Add Support for Ether in 2020

The investment is reportedly part of a bigger $36 million-cost share placement by BC Group at the end of January.

BC Group CEO Hugh Madden says the company is excited to see that world-class equity investors are increasingly participating in the fast-growing digital asset sector.

"We look forward to reaching new milestones with our industry-leading institutional investors," Madden added.

Previously in January, the US asset manager posted a job offer seeking a mining engineer to expand its mining operations.

According to the job offer, which was posted on its website last month and on its LinkedIn profile last week, the firm wants to hire a mining engineer who will be responsible for helping design, building and maintaining the infrastructure required to run and expand its bitcoin (EXANTE: Bitcoin) mining operations.

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