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Bollywood megastar Amitabh Bachchan has got more than $100 million by the crazy swings of Bitcoin prices within days, but most of the traders face difficulties after the recent slide of the cryptocurrencies.
Stampede Capital, a Hyderabad-based capital market company, listed Bachchan as an ‘individual non-promoter shareholder’ with a small stake of 2.38 per cent at the end of last quarter.
As per the BSE records, the superstar figures on the list of shareholders (with 1 per cent or more stake) since at least June 2014, though the quantum he is holding has been changing somewhat.
According to Economic Times, there may be further such fluctuations with the craze for Bitcoins and other cryptocurrencies continuing to drive their prices.
The report says that the possible ride amid the regulatory risks remaining a big drag for the prices that saw Bitcoin skyrocketing to near $20,000 just a few days back before plunging back by almost half and then again recovering to $15,000 level.
While thousands of Indians are said to have taken a fancy to the Bitcoin and other such virtual currencies, Bachchan is probably the first big name from the country to get associated with this big buzzword.
The Stampede Capital said millions of dollars trading volume everyday across the globe in nano seconds.
As on June 30, 2014, Bachchan held 3.39 per cent in the company which could have been worth around Rs 0.90 million at that time (going by the share price around then), while the value of his latest holding is almost half at about Rs 0.47 million.