Cryto News : The Big-B of Bollywood is gaining high profit against bitcoin

The impact of heavy fluctuations in #Bitcoin has also hit actor Amitabh Bachchan, who had suddenly lost his investment in #investing in a few days. Bachchan had a profit of more than $ 100 million (Rs 640 crore) in the small stake in #Bachchan, due to the recent increase in bitcoin, but the fall in the exchange rate of this virtual #currency in the last few days, Even more quickly disappeared from it. According to the BSE records, Bachchan is on the list of one percent or more shareholders in the company Stenpeed Capital since June 2014, although its volume has changed. According to this, on June 20, 2014, Bachchan had a 3.39 percent stake in the company, which could be worth about nine crores at the time of the time. At present, the price of this stake has been halved to about 4.7 crore #rupees.

Hyderabad-based company Stenpad #Capital, in a regulatory notice, referred to Bachchan as a 'non-promoter shareholder', whose share in the company was 2.38 percent at the end of the previous quarter. Stampede recently listed one of its subsidiaries Longfin Corp in the US Nasdaq Exchange. Laf Gafin was listed in NASDAQ last week with a market capitalization of $ 350 million. Stapede has 37.14 percent stake in Longfin. In this way Bachchan, who holds 2.38 percent stake in Stampede, has become indirectly benefited in the US listed company. This company announced the acquisition of Vedu Dot work, which led to a 2500 per cent increase in its share in two days. Landon Guffin bought the Zidu.com work from Meridien Enterprises, with 95 percent stake in Venkat S Meenwali. Mainlawl is the CEO of Longfin Corp and the main promoter of Stampede.

For this, Longfin has done this in return for the 25 million Category A #shares of Merchandian and allied units with asset purchase agreement. Longfin has informed the US regulator that 100,000 shares in the distribution of the above 25 lakh shares for the work of Zidoo will be to the Galaxy Media, 125000 shares to Amitabh Bachchan and 125,000 shares to his son Abhishek Bachchan. In this way, the price of Bachchan Ami Tath and Abhishek's Longfin shares will be worth approximately $ 1.025 million based on the current stock price of $ 41.

Indirect involvement with the ownership of the stake in Stampede will be 30 million dollars according to the current market value. The current market value of L. Goughin is 10 times the index level. An analysis of the shares of Longfin shows that it touched a high of $ 142.82 on December 19 and the market capitalization has surpassed $ 10 billion.

On the rise of the Longfin stock, the market price of Amitabh Bachchan's stake reached three million dollars. Prior to the listing, the value of these #shares was about $ 1 million, because Langfin had kept the price of $ 2.5 per share for listing at the time of listing. The stock of stampede in the Bombay market has jumped 50 per cent in one month and at present it is 8.71, whereas its maximum value for the last one year was 30 rupees.

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