Goldman Sachs Jumps on the Bitcoin Bandwagon Investing $50 Mln in Circle

Thursday, April 30, 2015
By Paul Martin

The investment bank has become the first major Wall Street bank to invest in a digital currency company, leading the latest funding round for Circle, a consumer finance startup.

The Wall Street investment bank Goldman Sachs on Wednesday became the first major financial institution to invest in bitcoin, after leading the latest funding round for digital currency company Circle Internet Financial, worth $50 million in investment for the startup.

Goldman Sachs is joined by China-based IDG Capital Partners in investing in Circle, announced Jeremy Allaire, CEO and founder of the digital currency company on Wednesday:

“We could not be happier with our new strategic investors. They bring unique, powerful capabilities and capital that will help us continue building a new kind of global consumer finance company, one based on open platforms, open source software, and ubiquitous mobile devices.”

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