The first public company to invest in Bitcoin had a $3.7 million paper loss on the digital currency, according to a Securities and Exchange Commission filing. Fortress Investment Group, which was founded as a private equity fund but expanded into hedge funds and other types of investments, reported that it bought $20 million worth of Bitcoin in 2013. The firm sets a precedent for how to record investments in cryptocurrency, an area of growing interest on Wall Street.
Comments are closed.
