As the creditor of Mt Gox, which is waiting to recover its bitcoins on the long-awaited stock market, the sale of the receivables to the Fortress Investment Group offers the opportunity to convert the dime into US dollars.
Fortress offers $ 900 per BTC to Mt.Gox creditors
In 2014, Mt. Gox, the encrypted currency exchange bureau in Japan, declared bankruptcy for losing $ 473 million worth of bitcoins due to overt hiccups. Around 850,000 bitcoins disappeared in 2014 from the stock market's servers. The value of Bitcoin decreased by 36% in the month that this occurred.
Fortress CEO Michael Hourigan sent a letter to creditors describing the buyout offer. An obvious copy of such a letter indicates that Fortress has offered to redeem the bitcoins receivables at a price equivalent to about twice the value of the bankruptcy.
The value of the claims at the time of Mount Gox's bankruptcy would have been $ 451, while Hourigan stated that Fortress would offer $ 900 per piece. The letter also mentions the possibility of making the purchase in bitcoin money or fiat, the offer is valid until July 31st. The $ 900 price is suitable for Fortress creditors and investors, "said Hourigan.
Andy Pag, a former supporter of Mt Gox, announced in April that he had sold his $ 600 stake in bitcoin to a New York-based investment firm.
The company has been operating in the cryptocurrency industry for a long time and was supposed to launch a Bitcoins mutual fund in 2013, before the collapse of Mt Gox. According to public announcements, the New York-based company has acquired $ 20 million worth of Bitcoin this year.