Tech Investor Pierce Makes Offer For Mt. Gox

Brock Pierce, the Southern California technology investor and Bitcoin mogul, is leading a group of investors looking to take over failed Bitcoin exchange Mt. Gox -- in exchange for a single Bitcoin. According to a report, Brock--and his investment group, Sunlot--apparently are hoping to help stabilize the Bitcoin economy through its move. Pierce is a leading investor in Southern California companies, and is one of the many investors here who have recently honed in on the opportunities in Bitcoin. Pierce is one of the organizers of the BitAngels angel investment group focused on Bitcoin; is a backer of Santa Monica-based GoCoin; and has investments in such companies as Playsino and Xfire, in addition to being involved with the Clearstone Global Gaming Fund.