Investment company that was ahead of Bitcoin investment turned out to have caused a lot of loss

ByBTC Keychain

I applied for civil rehabilitation law application on February 28, 2014Bitcoin (bit coin)On major exchangeMt. Gox (Mount Gox) de facto bankruptcy disturbanceThe fluctuation of the virtual currency bit coin trading market continues by. In such a circumstance, it became clear that the investment company which aggressively promoted investment in the bit coin pioneered losses of about 400 million yen ahead of other companies.

FIG-2013.12.31 - 10K
http://www.sec.gov/Archives/edgar/data/1380393/000138039314000005/fig-20131231x10k.htm

Fortress Discloses a Paper Loss on Bitcoin - NYTimes.com
http://dealbook.nytimes.com/2014/02/28/fortress-discloses-a-paper-loss-on-bitcoin/

Investment company based in New York, USAFortress Investment Group(Fortress) revealed in the material that the company submitted to the Securities and Exchange Commission that losses of 3.7 million dollars (about 380 million yen) were invested in bit coin. Fortress has also found out that in 2013 it invested over 20 million dollars (about 2,030 million yen) or more in bit-coin investment.

Fortress has been rumored to be investing in bit coins from early in Wall Street's financial industry, and company executives have not denied any interest in bit coins. The rumor that the major investment firm Fortress is investing in bit coins has increased the attention to bit coins, but bit coins, which are still in the foothold in the foothold, have too much fluctuating trading prices Even hedge funds as well as investment banks were hesitant to invest.

ByBTC Keychain

It is a bit coin investment that turned out to be a loss of nearly 400 million yen by this Fortress report but this amount is less than 1% of Fortress's total investment of $ 2.6 billion (about 264 billion yen) And it is unknown how much Fortress is currently investing in bit coins. However, according to Gill Ruria, managing director of Wedbush Securities, Fortress has pioneered the way to bit-coin investment, and Fortress should have the possibility of selling the bit coin investment as a product to investors .

Collapse of Mt. Gox is merely the management deficiency of the companyAnd since the reliability of the bit coin mechanism itself is unwavering at all, it is no wonder that a hedge fund that will join the bit coin investment just by joining the confused market will appear. It is noteworthy whether the investment in bit coin will begin in earnest at Wall Street, which is drawing eye on live horse, as the existence of bit coin transaction by Fortress became clear.