Post
Topic
Board Bitcoin Discussion
Re: Australian Bank Westpac Invests Millions in Coinbase
by
Bitcoinpro
on 11/01/2016, 02:59:21 UTC
remember they are investing into a company.. not buying bitcoin directly



Westpac deposits money in VC accounts

VC invests in Coinbase = VC opens coinbase account and purchases Bitcoin

Conclusion

Westpac Bank now has direct claim on Bitcoins

they are the majority owner of the VC read the story