21 Inc's lead investors include venture capital firms such as Andreessen Horowitz and RRE Ventures, with chipmaker Qualcomm Inc owning a strategic stake through its venture-capital unit, according to the Journal.
San Francisco-based 21 Inc has not disclosed an independent valuation or how it plans to use the funds, the Journal said on Tuesday.
Chief Executive Officer and co-founder Matthew Pauker indicated "several interesting developments over the next weeks and months" that will deal with products designed "to drive mainstream adoption of Bitcoin", the Journal reported.
© Thomson Reuters 2015
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