Amitabh Bachchan rides Bitcoin high, sees $250,000 investment surge to $17.5 million

With LongFin's stock price at $70 per share as of Monday, Bachchans' holding in LongFin is now valued at $17.5 million (approx Rs 114 crores).

You may have been hearing about Bitcoin a little too much these days thanks to its sudden meteoric rise in value. In fact, Bitcoin prices are riding an all-time high right now having crossed the $20,000 (approx Rs 12,81,000) mark a few days ago. Many who invested in the cryptocurrency for years have now seen their worth suddenly shoot up exponentially. One such person riding the Bitcoin wave is Amitabh Bachchan whose investment of $250,000 in Meridian back in 2015 is now seeing a value of $17.5 million.

Roughly two and a half years ago in May 2015, Amitabh Bachchan and his son Abhishek Bachchan invested $250,000 as part of a personal stock investment in Meridian Tech Pte, a Singapore-based firm founded by Venkata Srinivas Meenavalli, according to a report by Economic Times. One of Meridian's prime asses Ziddu.com was acquired by another Meenavalli-backed company called LongFin Corp two days after the latter was listed on NASDAQ.