Falcon Global Capital, whom describe themselves as ‘The world’s first Bitcoin Investment fund with insured protection’, have made an offer to purchase the huge reserve of Bitcoins currently in the possession of the FBI after the asset forfeiture, following the arrest of Ross William Ulbricht, believed to be Silk Road’s ‘Dread Pirate Roberts’. They have offered the FBI 85% of the market value of the coins, or free consultation on how to liquefy the currency.
The reserve (believed to be over 27,000 BTC), if purchased by Falcon Global Capital LLC, would be used by the company to offer accredited investors to acquire large amounts of Bitcoin (ranging from $25,000 to $10million). The investments would be stored by Falcon Global in a secure digital vault, which they claim to is ‘fully insured against digital theft’.
Read More at:
http://www.coinchilli.com/the-demise-of-mt-gox-the-rise-of-falcon-global/J.C Axe
