Google's Parent Company Alphabet Is the Leader in Crypto Investments

by in Blockchain News

Google crypto investments

New research by the intelligence platform Blockdata shows that from Sept. 2021 to mid-June 2022, crypto startups received investments from forty public companies. Together investments reached $6 bln.

Related: Google's Cloud Team Forms Web3 Group to Meet Demand in Crypto

Based on the analysis, Google is the number one by the amount invested in blockchain/crypto. The technology giant took part in 4 funding rounds, providing over $1.5 bln. Alphabet invested in cryptocurrency custody Fireblocks, NFT game development firm Dapper Labs, BTC payments solution provider Voltage, and venture capital firm Digital Currency Group.

Among other companies that invested in the sector are; BlackRock, Morgan Stanley, Samsung, Goldman Sachs, BNY Mellon, PayPal, Microsoft, etc.

Samsung is the most active company on the list by the number of funding rounds it took part in. The manufacturer invested in 13 companies, including climate change solutions Flowcarbon, the development platform, Web3 platform creating the popular NFT ecosystem Bored Ape Yuga Labs, etc. Earlier release by Blockdata shows that 55% of the top 100 banks invested in the crypto/blockchain industry.