Google: number 1 in crypto investment – $1.5 billion spent on blockchain

Google to the moon? – The web giant 2 Googleled by the company Alphabetdoes not hide his interest in the blockchain and the cryptocurrencies. Not wishing to miss the web 3 revolution, the company has even developed a team in order to build in this new digital environment. Since September 2021, this is how $1.5 billion that have been spent on blockchain and cryptocurrencies.

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Google (Alphabet): leading blockchain investor

According to a recent Blockdata analysis, AlphabetGoogle’s parent company, would be the company who invests the most in blockchain and cryptocurrencies.

Ranking of companies that have invested the most in blockchain and cryptocurrencies – Source: Blockdata

Indeed, it is the data collected from the 100 leading global banks that have made it possible to come to this conclusion. The report thus determined, from September 2021 to mid-June 2022, those who invested the most. On the honor roll, we find:

  • Alphabet (1.5 billion dollars invested);
  • BlackRock (1.17 billion dollars invested);
  • Morgan Stanley (1.11 billion dollars invested);
  • Samsung (979 million dollars invested).

Alphabet remains at the top of this list of honor with 1.5 billion dollars invested in cryptocurrencies via 4 investments :

  • Fireblocks;
  • Dapper Labs;
  • Voltage;
  • The Digital Currency Group.

In second position, we also find BlackRock with $1.17 billion invested in 3 companies :

  • Circle;
  • FTX;
  • AnchorageDigital.

However, the report points out that these amounts may be higher. We do not know the total investment of each fundraiser.

It is interesting to note that many banks of the traditional finance are present in this table (Goldman Sachs and Citigroup, for example), thus showing their interest in cryptocurrencies.

To them, all these companies have invested more than $6 billion in blockchain startups thus confirming that the path to the adoption of cryptocurrencies and so-called web 3 technologies seems to be clear. Moreover, despite the crypto winter that is falling on our portfolios, the fundraising have never been so important and numerous as they are now.

The time of finance giants’ interest in Bitcoin and cryptocurrencies has come. And you, what are you doing to prepare for the future? Start getting acquainted with this exciting world, and don’t wait any longer for yourself create an account on Binance, the reference Bitcoin and crypto exchange (commercial link).

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