NEW DELHI/NEW YORK: The crazy swings of Bitcoin prices added more than $100 million to megastar Amitabh Bachchan's fortunes within days, but most of it got wiped out even faster -- thanks to a small stake in a hitherto unknown firm associated with the web of cryptocurrencies.
There may be further such fluctuations with the craze for Bitcoins and other cryptocurrencies continuing to drive their prices and the regulatory risks remaining a big drag for the prices that saw Bitcoin sk ..
The Bitcoin-driven top-up to Bachchan's fortunes comes in the backdrop of Stampede recently listing one of its subsidiaries, Longfin Corp, on the Nasdaq exchange in the US.
Longfin got listed on Nasdaq last week with a market cap of $ 370 million, after it sold shares in a public offer at $ 2.5 apiece. Stampede now owns 37.14 per cent stake in Longfin, by virtue of which Bachchan (with his 2.38 per cent stake in Stampede) becomes an indirect beneficiary in the US- listed firm. ..
Awesome post! lucky man,the craze of bitcoin and investment in bitcoin made a huge profit for him as well as for the company.
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