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Bitcoin mania triggers fund-raising rush by Chinese players - The Hindu BusinessLine

Bitcoin mania triggers fund-raising rush by Chinese players
Reuters
Shanghai/Hong Kong |
Updated on
March 09, 2021
The market has flourished despite complicated official attitudes towards cryptocurrencies in China
Bitcoin mania has fuelled a surge in fund-raising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector.
From large listed companies tapping public markets to smaller players raising funds from venture capitalists, a jump in cryptocurrency prices and signs of growing acceptance of the technology by mainstream institutions have fed the market boom.
Chinese bitcoin mining machine manufacturer, EbangInternational Holdings, which debuted on Nasdaq in June, conducted two fund-raising rounds in February alone, raking in $170 million, even after a previous offering in November. ....

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