Holland & Hart represented Genesis Coin Inc., the first and largest Bitcoin ATM software platform worldwide, in its acquisition by early Bitcoin ATM pioneers and Bitstop founders Andrew Barnard and Doug Carrillo. Founded in 2013 by Evan Rose, Genesis Coin Inc. accounts for approximately 35% of all world-wide Bitcoin ATM transactions. Genesis Coin and Bitstop, represent over 75 operators operating over 12,000 Bitcoin ATMs in the United States and international markets which account for billions of dollars in annual sales volume.
Benard, Carrillo, and Rose have stressed the importance of continuing to provide stability to both platforms and continuing to service the needs of operators on both platforms. For the time being, both the Genesis Coin and Bitstop platforms will continue to run independently while exploring technical synergies.
The Holland & Hart transactional team was led by Corporate partner Mike Dill, with assistance from attorneys Josh Allgeier, Peter Perla, Lindsay Silber, Jeremy Merkelson, Benjamin Gibbons, Ashley Kennedy, and Michael O’Leary, and paralegal Erin Goldbaum.
For more information, please see Genesis Coin’s press release.
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