The Australian-based company first announced it would pursue an initial public offering (IPO) on the Australian Securities Exchange (ASX) in October 2014, however it has faced delays following a reprimand by the regulator in February 2015and two stop orders on its investor prospectus in July 2015.
Though other Bitcoin companies, including digitalBTC and Bitcoin Shop have publicly-traded shares, Bitcoin Group maintains it is the first digital currency company to IPO as it has avoided going through so-called backdoor listings.
Based in Melbourne, Bitcoin Group currently offers cryptocurrency arbitrage, but has declared that it would switch to mining the currency if its IPO is a success.
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