Crypto Capital Is Continually Pumping
While the markets are struggling, private funding raised in 2022 is still giving the crypto industry a tremendous boost. Companies are raising big sums of money in crypto despite this year’s poor performance; data shows 36 capital rounds of over $100 million so far.
The 10 largest crypto capital raising in 2022, according to Arcane Research’s most recent weekly report.
The Luna Foundation Guard (LFG) currently has BTC 42.53K ($1.62 billion) of its $10 billion aim to backup stablecoin UST with a significant Bitcoin reserve, out of a total target of $10 billion. This places the organization at the forefront of the crypto industry’s greatest capital raises to date in 2022.
LFG is also purchasing $100 million in AVAX tokens to welcome it into the UST reserve, with Terra Labs purchasing another $100 million.
Fireblocks, an institutional crypto platform, also stands out with a $550 million Series E fundraising round. The Fireblocks platform provides a foundation for transferring, storing, and issuing digital assets. Over 800 financial organizations, including exchanges, lending desks, custodians, banks, trading desks, and hedge funds, use the network and MPC-based wallet.
Daniel Sundheim, founder of D1 Capital, stated: “Fireblocks has become a key driver of crypto market growth around the world, with an estimated 15% of daily crypto transaction volume secured through their infrastructure.”
“Fireblocks has become a key driver of crypto market growth around the world, with an estimated 15% of daily crypto transaction volume secured through their infrastructure.”
In January, FTX, a top crypto exchange, raised $400 million in a Series C fundraising round, valuing the company at $32 billion. According to FTX, this was their third fundraise in less than six months, increasing the total amount raised to about $2 billion.
The $400 million Series A fundraising round by FTX US, FTX’s American branch, is also included in the public statement. “All investors involved in the Series C raise simultaneously participated” in this investment round, which valued FTX US at $8 billion, according to the company.
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