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Fortress Investment Group reports a $3.7 million loss on Bitcoin

01
Mar
2014

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.

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