Circle Secures Record Investment for Cryptocurrency Companies

Cryptocurrency companies have grown with the growth of the sector in recent years. A report from Forbes Recently, a number of large investments in blockchain companies and digital assets were detailed, with a $ 440 million move coming to the fore.

“Circle, the creator of the second largest stablecoin, USDC, has just raised $ 440 million in private investments from a range of private equity, institutional and strategic investors.”Forbes wrote on Friday. Circle closed the deal on Friday, raising investment from companies. Fidelity Investments, FTX, and other.

The article summarizes the details of the top 12 monetary contributions cryptocurrency teams have received over the years in order of size, with Circle topping the list.

Circle Secures Record Investment for Cryptocurrency Companies
Circle Secures Record Investment for Cryptocurrency Companies

Second is the cryptocurrency mining solution provider Bitmain with a 2018 investment round of $ 422 million, according to Forbes. Bitmain actually ranks two on the list after receiving another $ 292.7 million investment in 2018.

BlockFi takes third place with an investment round USD 350 million in 2021. Dapper Labs Y. Blockchain.com occupy fourth and fifth place after they have received $ 305 million Y. U.S. dollarTO 300 Millions each.

This year has been a good year so far for cryptocurrency fundraising companies. “Of the 12 largest crypto investments in history, five were made in 2021,” Forbes detailed.

The cryptocurrency space in general saw a remarkable exuberance in 2021 Bitcoin’s price hits all-time highs, as well as the price development of other digital assets.

Coinbase is also on the Forbes list and invested $ 300 million in capital in its brand in 2018. This funding included the participation of Andreessen Horowitz Y. Polychain Capital, among other. Coinbase went public on the Nasdaq in April 2021 through a direct listing.

Similar Posts