Bitmain’s Bitcoin Cash (BCH) Holding Exceeds $550 Million by Cryptovest

A recent examination of a pre-IPO information document for investors has revealed that Bitmain, the leading manufacturer of ASIC mining equipment for various cryptocurrencies, holds a reserve of half a billion dollars in assets.

This discovery came to light following a tweet from Samson Mow, the Chief Strategy Officer of Blockstream, who shared the pertinent details.

According to Mow, Bitmain has liquidated a significant portion of its holdings in exchange for Bitcoin Cash (BCH). He indicated that if the Bitcoin Core developers had not identified a vulnerability in the BCH network in time, the company could have faced substantial financial losses from its investment.

However, the report did not provide further attribution for the details shared.