The parent company of Google has been increasing its investment in the crypto space and is the largest U.S. public company in recent months.
- Alphabet is No. 1 of 100 U.S. public companies to invest investing is when you put money in a financial scheme with the intent of making a gain. in crypto space
- The matrix of Google invested more than USD $1.5 billion in four companies of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.
- They are followed by BlackRock y Morgan Stanley
In February of this year the CEO of Alphabet, Sundar Pichai, admitted the company was interested in moving into space. Blockchain y cripto and that he was analyzing how to do it. “ Every time there is innovation, I find it exciting, he said at the time. “I think it’s something we want to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. as best we can.”
Well, his words came true. Recently, Blockdata released a research report that provides insight into how the top 100 publicly traded U.S. companies are investing in the space. Blockchain/cripto. There Alphabet appears as the largest investor in terms of amount of money.
Informs of Blockdata
The report (entitled: “Top 100 Public Companies Investing in Blockchain and Crypto Companies”. ) was created by Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. data, which is a subsidiary of CB Information Services.
Blockdata mentions in his blog that his purpose was to review the “Blockchain investment activity” of the same companies that Blockdata analysed in a research report published in September 2021 for “understand what has changed, what areas within blockchain are the most important, and what new entrants are now investing.”
The approach of Blockdata was in “ Blockchain investments that these major corporations made from September 2021 to mid-June 2022″.
The blog post by Blockdata highlights which companies invested in the largest number of companies in the sector:
“Forty corporations invested in companies in the Blockchain/crypto space during this time. Samsung is the most active, having invested in 13 companies. UOB was next with 7 investments, followed by Citigroup with 6 investments and Goldman Sachs with 5. In most cases, we cannot determine how much money these corporations have invested, as they participate in funding rounds with multiple or many other investors. As a proxy for this, we can look at the total funding amounts of the rounds in which they participated.”
He also outlined which were the largest investment amounts:
“According to this, the active investors in the largest funding rounds are Alphabet (USD $1,506 million in 4 rounds), Blackrock (USD $1,171 million in 3 rounds), Morgan Stanley (USD $1,110 million in 2 rounds), Samsung (USD $979 million in 13 rounds ), Goldman Sachs (USD $698 million in 5 rounds), BNY Mellon (USD $690 million in 3 rounds) and PayPal (USD $650 million in 4 rounds). The 40 companies invested approximately USD $6 billion in Blockchain startups between September 2021 and June 2022″.
The investigative report they published in September 2021 mentioned that the parent company of Google, Alphabet, had invested USD $ 601.4 million in 17 companies of Blockchain, i ncluding Blockchain.com, Dapper Labs, Ripple.
On the contrary, the August 2022 report mentions that between September 2021 and June 2022, Alphabet invirtió más de USD $1500 millones en solo cuatro empresas Blockchain ( Fireblocks, Dapper Labs, Voltage y Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Currency currency is a medium of exchange that defines value. Group ).
You can see the graph here:
Version of DiarioBitcoin
Imagen de Unsplash