DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to....
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Digital Currency Group CEO and founder Barry Silbert didn’t sell any stock in the latest round. Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank.DCG has sold $700 million worth of shares to companies like Google’s parent company, Alphabet, to bring its valuation to more than $10 billion, the company officially announced Monday.“Proud to welcome SoftBank, CapitalG, Ribbit, GIC, Tribe and Emory to an already fantastic list of DCG shareholders. And even more....
After its first day of trading as a publicly-listed company, cryptocurrency exchange Coinbase settled at a $85.7 billion valuation.
CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin and Wax in terms of 24-hour sales volume. Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at $1,500. The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million.....
On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims to Expand Staff to ‘100-Strong’ Following parent company FTX raising $420.69 million three months ago, the U.S.-based trading platform FTX US announced it has raised $400 million in a Series A funding round. The Chicago-based FTX US....
FTX, a major cryptocurrency exchange, announced on Monday that it had raised $400 million from investors including SoftBank, valuing the platform at $32 billion, making it one of the most valuable start-ups in the fast-growing digital currency sector. The Bahamas-based company’s most recent funding round is a Series C round, which is its third in […]