Forty of the world’s top 100 public companies by market capitalization are reportedly pouring in billion of dollars into blockchain and crypto firms.
According to a recent report from crypto analytics platform Blockdata, 40 firms have invested about $6 billion into blockchain and crypto companies between September 2021 and June 2022.
Using figures from market intelligence platform CB Insights, Blockdata reports that Google’s parent company, Alphabet, has the biggest stake in blockchain. The California-based firm invested $1.50 billion in startups Fireblocks, Dapper Labs, Voltage and Digital Currency Group.
The world’s largest asset manager, BlackRock, is the next biggest blockchain company investor with $1.17 billion worth of investments in FTX, Circle and Anchorage Digital. Banking titan Morgan Stanley ranks third with $1.10 billion invested in Figment and NYDIG.
“The investors active in the biggest funding rounds are Alphabet ($1,506M in four rounds), Blackrock ($1,171M in three rounds), Morgan Stanley ($1,10M in two rounds), Samsung ($979M in 13 rounds), Goldman Sachs ($698M in five rounds, BNY Mellon ($690M in three rounds), and PayPal ($650M in four rounds).”
Among the group, Samsung is the most active, having invested in over a dozen crypto firms. The South Korean phone maker infused over $979 million to 13 companies, including Animoca Brands, Dank Bank, Flowcarbon, Saga, Big Whale Labs, Atomic Form, MYTY, FanCraze, Metrika, Sky Mavis, Aleo, Yuga Labs and Ramper.
In total, 61 crypto companies received investments from the top public companies during the period. Of these, 19 offer non-fungible tokens (NFT)-related solutions and services, 12 are marketplaces and 11 provide gaming services.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Papapig
