Bitzumi Receives $1M Investment from Acacia Research

Bitzumi, Inc., a Newport Beach, Calif.-based company developing solutions in the cryptocurrency and blockchain industries, received an initial $1m equity investment.

Acacia Research Corporation (NASDAQ: ACTG) made the investment.

Co-founded by James Altucher and Scot Cohen, Bitzumi is a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Bitzumi’s model is to develop a next generation decentralized exchange while simultaneously developing and acquiring the largest network of crypto and blockchain related digital properties.
Bitzumi recently filed a Regulation A Offering Statement with the Securities and Exchange Commission and a listing application with NASDAQ.



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