Today news
About the same in other media
Grayscale-parent Digital Currency Group tops $10 billion valuation with SoftBank, Google investments
Reading now: 981
cnbc.comDigital Currency Group is selling shares to SoftBank and Google's venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.
The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling shares to new backers. The $700 million deal was led by SoftBank and included Google's Capital G and Ribbit Capital, among others.
Digital Currency Group is the parent company of several big names in the crypto space. Until now, its valuation was somewhat of a mystery as it had only raised $25 million in primary capital since launching six years ago.
One subsidiary, Grayscale Investments, is the world's biggest digital asset manager with $50 billion under management.
Read more on cnbc.comAbout this in other media
ETC Group announces new blockchain equity ETF with HANetf partnership cointelegraph.com /3 years ago
Why central bank digital currencies are facing an identity crisis fnlondon.com /3 years ago
Evrynet Joins Standford’s Future of Digital Currency Initiative And Incorporates SPEEDEX Into Its DEX Dapp cryptonews.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
