Venture capital funds invested a record $ 17 billion in crypto in 2021

Venture capital funds invested an annual record in the crypto market, already eclipsing more than $ 17 billion in 2021.

According to market data company PitchBook, the companies have been extremely active in terms of investing in the crypto market.

2021 has already seen around $ 17 billion invested. While the previous annual record saw 2018 bring in a total of $ 7.4 billion. 2021 has basically succeeded in bringing down the combined investment amount of all previous years combined from 2010.

Source : <a href="" rel="nofollow noopener" cible="_Vide" data-ylk="slk: Bloomberg" classe="lien rapid-noclick-resp">Bloomberg</a>“src =” “data-src =”–/ 1.2 / p.eCEKr3dED__leMOxhWbA– ~ B / aD0zMzA7dz02MzU7YXBwaWQ9eXRhY2h5b24- / https: // /<noscript><img alt=Bloomberg“src =”–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ5OC44OTc2Mzc3OTUyNzu__iu2/himgtts.OTUyNzu2/himgtts.OTUyNzu__xu2/himgtts.OTUyNzu_exu2/himgtts.OTUyNzu__/exu2/himgtts.OTUyNzu_exu2/himgtts.OTUyNzu_exu2/himgtts.OTUyNzu_exu2/himgtts.OTUyNzu/exu2/himgtts.OTUyNzu/exu2/himgttUyNzu2/himtt/ – ~ B / aD0zMzA7dz02MzU7YXBwaWQ9eXRhY2h5b24- / https: // “class =” caas-img “/>

Crypto offers in 2021

The biggest contract in 2021 alone saw Block.One’s $ 10 billion invested in the Bullish Global crypto exchange. The exchange also raised an additional $ 300 million in a fundraising round.

The single deal single-handedly broke the crypto investment record for the year.

$ 380 million invested in crypto wallet firm Ledger allows the company to make the second largest investment in 2021. The investment comes from 10T Holdings, which operates as a mid-to-advanced growth equity fund that invests in private companies operating in the digital asset ecosystem.

“I’m of the opinion that everyone will own the crypto, it’s just a matter of the price they get,” said Ian Rogers, Ledger’s director of experience. “We’re still in the protocol phase, we know there’s something here, you just can’t imagine what it will look like exactly. For Ledger, we are certainly not yet selling an iPod at the target time.

Other notable crypto investments include $ 350 million invested in BlockFi and Dapper Labs, $ 300 million invested in Paxos and

The thirst for crypto exposure continues

2021 has seen accelerated interest in the crypto space as companies seek exposure to the market. Andreessen Horowitz previously announced that he will be looking to launch a billion dollar crypto investment fund following the huge success of his investment in Coinbase.

Galaxy Digital also took steps earlier this year to acquire BitGo, an independent provider of digital asset infrastructure. The acquisition is estimated at $ 1.2 billion. Additionally, Goldman Sachs recently announced its partnership with Galaxy Digital to offer bitcoin futures through the company and its latest acquisition.

Source link

About Dwaine Pinson

Check Also

Unicorn madness unleashed by VC Godzillas can’t end well

Have you ever flown with Air Canada, a company that concluded 2020 with sales of …

Leave a Reply

Your email address will not be published. Required fields are marked *