Rakuten has confirmed that it has acquired the assets of Bitnet, a bitcoin wallet startup it invested in, which will be used to create a ‘bitcoin lab’ for the Japanese retail giant.
The transaction is undisclosed but it follows a Wall Street Journal report in July which speculated that a deal was in the works. Rakuten took part in a $14.5 million investment round for Bitnet nearly two years ago, which was led by Highland Capital Partners.
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