Investment firm DST world has confirmed that it “has ne'er invested” into the cryptocurrency mining bigBitmain’s pre-IPO in associate email to Cointelegraph August twenty one.
Cointelegraph received associate anonymous tip nowadays, claiming that DST world has not participated in Bitmain’s $400 million funding spherical earlier this year, despite reports to the contrary.
After being asked to verify the rumour, John Lindfors, a managing partner at DST world, has same this in associate email to Cointelegraph today:
“I will make sure that DST has ne'er endowed in Bitmain.”
The news follows days when another major player, Uber’s largest capitalist SoftBank, told Cointelegraph that reports regarding its participation in Bitmain’s initial public giving (IPO) were additionally false.
“Neither the SoftBank cluster corporation. nor the SoftBank Vision Fund were in any manner concernedwithin the deal,” a advocate same August eighteen.
Also today, Chinese transnational Tencent has allegedly denied involvement in Bitmain’s IPO, in line with a metropolis news outlet AAStocks.
According to the publication, China’s largest technology entity by market cap confirmed that “the company failed to participate within the investment of Bitmain Technologies.”
As of press time, Tencent had not suffered requests from Cointelegraph to verify the AAStocks report.
The news nevertheless will increase the already controversial nature of Bitmain’s IPO plans, that centers on the company’s Bitcoin money (BCH) holdings, rumoured poor Q2 sales and also the general underperformance of cryptocurrency markets this year.
Cryptocurrency trade and well-known community commentators reacted warily to a pre-IPO capitalist deck revealing earlier this month, Blockstream CSO Samson Mow describing the planned flotation as “incredibly risky for any capitalist to shop for into.”
“They designedly did not embrace the Q2 numbers for Pre-IPO consumers since they were a disaster... They told Pre-IPO consumers they might use a number of the cash to shop for additional BCH,” commentator WhalePanda meantime further throughout a Twitter discussion before the SoftBank news.
As of press time, Bitmain has not suffered Cointelegraph’s request for comment.