BTC Media LLC, the parent company of the “yBitcoin” magazine, has acquired Bitcoin Magazine from Coin Publishing LLC.
Bitcoin Magazine was launched by Mihai Alisie and Ethereum co-founder Vitalik Buterin. It published its first issue in May 2012 and thereafter joined forces with Coin Publishing LLC to produce 22 more. It is mailed to subscribers worldwide, sold at Barnes & Noble bookstores and published online at www.bitcoinmagazine.com.
BitPay CEO Tony Gallippi is also co-owner of Coin Publishing LLC. One of the major themes at BitPay is to help bring Bitcoin to the world, as seen in their “World of Bitcoin” branding at this year’s Consumer Electronics Show (CES) and the Bitcoin St. Petersburg Bowl. He commented:
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“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.
Although technically letting go of the magazine, he believes it’s the right move in the long run:
“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 will relaunch the magazine and bring in industry experts to contribute content. They have also formed a partnership with Decentral.tv, a digital currency-focused video content provider.