BTC Media LLC, parent company of financial technology magazine yBitcoin and its website www.ybitcoin.com, has purchased Bitcoin Magazine from Coin Publishing LLC.
Bitcoin Magazine is the first publication devoted exclusively to Bitcoin. It was founded in 2012 by Mihai Alise and Vitalik Buterin, making it the oldest surviving Bitcoin publication. The founders published their first issue in May, 2012 and later joined forces with Florida-based Coin Publishing LLC to produce 22 issues. The magazine is mailed to subscribers worldwide, sold at Barnes & Noble bookstores and published online at www.bitcoinmagazine.com.
According to its website, Bitcoin Magazine’s mission is to be the most engaging and accurate source of information, news and commentary about the Bitcoin and digital currency space. Bitcoin Magazine reaches a diverse readership by covering current events in business, technology, politics, law and society with a wide variety of viewpoints and expert opinions. Bitcoin Magazine seeks to provide enlightening commentary that is accessible to new Bitcoin enthusiasts as well as news and insights veteran users find invaluable.
BTC Media founders Calli S. Bailey and David F. Bailey plan to take advantage of the acquisition by increasing their company’s online news and analysis, among other benefits of the deal.
“This purchase and the enhanced resources it brings into our fold make BTC Media the world’s leading Bitcoin media group,” said CEO of BTC Media David Bailey. “Our readers will now have access not only to the same in-depth feature stories they’ve always found in yBitcoin, but also to breaking news about a cryptocurrency world that is growing exponentially. We aim to be the most trusted source for news in this field by offering relevant information to every reader, regardless of their familiarity with Bitcoin.”
Tony Gallippi, coowner of Coin Publishing LLC and executive chairman of BitPay, commented: “The BTC Media publication yBitcoin has played an instrumental role in introducing Bitcoin to the world. We knew this would perfectly fit our effort to spread the Bitcoin story to a larger audience. We’re extremely proud of Bitcoin Magazine’s accomplishments, but know that we’ve only scratched the surface. The opportunity to join forces with BTC Media’s extremely capable and visionary team was the strategic move we needed to fully realize our potential.”
BTC Media is increasing its team to manage the expanded joint publishing effort. Besides, the company plans to reopen Bitcoin Magazine and include a lineup of industry experts.
yBitcoin will continue its editorial approach of informing a general readership about Bitcoin. The company also plans to begin publication of yBitcoin in other languages, which will significantly expand its international potentiality.
“Our mission is to educate the world about Bitcoin and expand its reach,” said Calli Bailey. “Bringing yBitcoin and Bitcoin Magazine under one united media group provides us with multiple platforms for doing just that.”
BTC Media plans to establish new headquarters in Nashville, Tennessee, where it will benefit itself of the vibrant publishing and technical sectors prospering there.