Private equity and hedge fund firm Fortress Investment Group reportedly has joined with two other investors to buy a stake in hedge fund operator Pantera Bitcoin Partners, which buys and sells virtual currencies.
The move could help move Bitcoin into the financial mainstream, despite the recent woes affecting the cryptocurrency and its exchanges, reports the New York Times.
Pantera Capital, the parent of Pantera Bitcoin, was founded a decade ago by Dan Morehead of Tiger Management. Since 2011, Morehead reportedly has grown increasingly fascinated with Bitcoin, he told the New York Times on March 18.
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