BitFlyer shareholders including Sekisui House have reportedly negotiated a majority sale of the cryptocurrency exchange for up to $370m.
Private equity firm ACA Group has agreed to buy a majority stake in Japan-based, corporate-backed cryptocurrency exchange BitFlyer for an amount expected to be up to $370m, Nikkei reported on Saturday.
Founded in 2014, BitFlyer operates a digital exchange for cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
A group of the company’s shareholders led the sale negotiations in order to recoup their investments as the Tokyo Stock Exchange has banned public listings for digital currency exchanges and floating on an…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
