Investment Firm BiT Capital Commits $10m to Bitcoin ATM Startup

BiT Capital, a Canadian bitcoin investment firm, has committed up to $10 million in seed funding for BitAccess, an Ottawa-based bitcoin ATM startup.

Although the funds will be invested gradually over the next one to two years, the commitment itself represents the largest seed investment yet into a bitcoin-related venture – eclipsing the $9 million seed round raised by Jeremy Allaire’s Circle Internet Financial in October of last year.

BiT Capital’s founder, John Bridge, will also join the BitAccess board of directors.