Blockchain

Private Investors Snatch Up Bitcoin Architect Company

This week, the blockchain technology arena has seen its biggest (and perhaps most famous) deal of its time.

nChain Holdings, the company built around the research of Craig Wright, has been sold for $300 million to private investment firm High Tech Private Equity Fund SICAV plc.

What makes this story unique is that Wright is the man who claims to be the inventor of bitcoin cryptocurrency. To date, this is the biggest deal involving blockchain technology.

Wright commented on the sale of the company and what his future role will entail: “We will scale and grow bitcoin to become what it was envisioned to be. All I do is to help grow the use of bitcoin, and I want to see it in daily use by at least a billion people on-chain. We have the funds, the people and the technology to do this.”

Although Wright is claiming to be the mysterious Satoshi Nakamoto, whom everyone knows to be the founder of bitcoin, many people in the field view him as an alienating figure. The news announcement that broke regarding the sale of nChain Holdings has zero mention of Wright.

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