Bitcoin billionaire expresses desire to invest in Kenyan tech companies

Mr Casares heads a firm that enables investors to spend their digital cash (bitcoins) via a debit card.

Mr Casares, a top Bitcoin startup entrepreneur, said he was keen on injecting cash for equity in viable technology firms in the country.

He urged Kenyan entrepreneurs to invest more in technology start-ups and practise patience to derive maximum benefits from their enterprises.

“My biggest regret is that I have sold start ups for billions of dollars. Yes, I got the money but no satisfaction because ultimate satisfaction comes from starting a company and building it to realise the vision for which it was started,” Mr Casares said during an interactive session at the Endeavor Kenya head office in Nairobi.

Investment

He joined board members to celebrate a Sh4.8 billion investment by Endeavor Catalyst, an offshoot of Endeavor Global, in local digital payments provider Cellulant.

Mr Casares is believed to hold as much as $10 billion (Sh1 trillion) of the cryptocurrency in underground vaults on five continents through Xapo. The California-based firm enables investors to spend their digital cash (bitcoins) via a debit card.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Zuchu forced to apologize to fans after viral video raised eyebrows

Zuchu forced to apologize to fans after viral video raised eyebrows

Willy Paul wins against Diana Marua in court

Willy Paul wins against Diana Marua in court

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi