Major Bitcoin investors Cameron and Tyler Winklevoss announced on their blog Wednesday that they had purchased space flights on Virgin Galactic with some of their Bitcoins.
“Cameron and I have decided to use our bitcoin to take the plunge, or rather propulsion, into space. Why? Because Bitcoin and Sir Richard Branson’s Virgin Galactic are two technologies that meaningfully represent our focus at Winklevoss Capital – the reduction of pain-points and friction in an effort to build a better world.”
Winklevoss Bitcoin businesses
“We believe that we are establishing an accurate spot price that reflects the true value of a Bitcoin and resolves the price confusion that exists due to the various exchanges,” Cameron said.
In July, the brothers filed papers with the Securities and Exchange Commission to establish the Winklevoss Bitcoin Trust, a product that — if approved — would essentially allow people to speculate on or invest in Bitcoin via stock exchanges.
We have noted before that the twins’ Bitcoin holdings likely exceeds 100,000 BTC, and there are indications that they have purchased more recently.
Sir Richard Branson, head of the Virgin Group, announced in January that Virgin Galactic would accept Bitcoin payment for space flights, which are scheduled to begin next year.
“I think the idea of a global currency like Bitcoin is something which appeals to a lot of people because people are interested in new technology,” he told CNN earlier this year.