Samsung Most Active Investor in Blockchain and Crypto Sector

Samsung Most Active Investor in Blockchain and Crypto Sector
  • The 2nd most active investor is U . s . Overseas Bank.
  • Alphabet, Google’s parent firm, took part in investment models totaling $1.51B.

Blockdata, an investigation organization, examined the investments produced by major firms in blockchain and cryptocurrency startups between September 2021 and mid-June 2022, and located that South Korean electronics giant Samsung was probably the most active, getting committed to 13 companies in that period of time. The 2nd most active investor is U . s . Overseas Bank, with 7 separate firms, adopted through the two American financial powerhouses, Citigroup (6) and Goldman Sachs (5). Regardless of the market volatility, these lenders have proven immense belief.

Whopping $6 Billion

In line with the data, it’s obvious that Samsung, U . s . Overseas Bank, Citigroup, and Goldman Sachs backed over half (31) from the final amount (65) of crypto or blockchain companies that acquired financing in the 40 greatest firms in the period period under examination.

Blockdata’s research provides approximately the quantity spent by companies whilst data around the precise amounts invested by each firm is missing.

Blockdata’s research report reads:

“The 40 companies invested roughly $6 billion into blockchain startups between September 2021 and June 2022. Because some models involve participation from multiple investors, it’s unclear just how much each company committed to a task.”

Meanwhile, Alphabet, Google’s parent firm, took part in investment models totaling about $1.51 billion, which makes it probably the most active business in connection with this. The 2nd position would go to Blackrock, that has played in three investment models totaling $1.17 billion.

After taking part in two models and raising $1.1 billion, American financial services firm Morgan Stanley moves to the third position, while Samsung drops to 4th with $979 million.

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