Fortress Investment Group has increased its offer to purchase claims from creditors who lost money in the infamous $480 million Mt. Gox hack. The group, which aims to profit by eventually recovering the Bitcoin (BTC), upped its offer on the cryptocurrency to 88% of the estimated account value. Cointelegraph has reported previously how Fortress calculated offers to creditors. The latest offer of $1300 is significantly higher than the $755 offered in December due to the recent increase in Bitcoin’s value. However, the offer is still discounted “due to the likely timeline (3 to 5 years) and financial risk of the …

After Fortress Investment Group LLC filed its report for the Securities and Exchange Commission for the year 2013, it a loss of $3,7 million have been uncovered due to the vast investment into Bitcoin. However, it seems like they do not regard it as loss.