Bitmain’s Bitcoin Cash (BCH) Stash Totals Over $550 Million

A recent look at a pre-IPO information page for investors revealed that Bitmain—the largest producer of mining equipment, known as ASICs, for various cryptocurrencies—has a stash of half a billion dollars in .

The news was brought to our attention after we noticed a tweet from Samson Mow, the CSO of Blockstream, showing the details.

https://twitter.com/Excellion/status/1028426579158884352

Apparently, Bitmain sold a majority of its for Bitcoin Cash. Mow suggests that if the Bitcoin Core developers didn’t spot a vulnerability in BCH’s network in time for the developers to fix it, the company would have lost all of its investment.

However, the report couldn’t be attribute…

This article appeared first on Cryptovest

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