Stablecoin company earns record-level investment sum for a crypto outfit

Stablecoin company earns record-level investment sum for a crypto outfit

Circle now hodls the record for receiving the biggest investment round taken in by a crypto entity.

Crypto companies have been on the rise in tandem with the industry’s growth in recent years. A report from Forbes recently detailed a number of large investments into blockchain and digital asset entities, with one $440 million play rising to the forefront. 

“Circle, creator of the second-largest stablecoin, USDC, has just raised $440 million in private investment from an array of private equity, institutional and strategic investors,” Forbes wrote on Friday. Circle inked the deal on Friday, capturing investment from Fidelity Management and Research company, FTX, and others.

The article recapped the details around the top-12 most sizable monetary contributions crypto outfits have received over the years, in order of size, with Circle summiting the list.

Holding second place — crypto mining solution provider Bitmain, touting a 2018 investment round of $422 million, according to Forbes. Bitmain actually takes up two spots on the list, having received another investment in 2018, to the tune of $292.7 million.

BlockFi holds third place with a $350 million VC round from 2021. Dapper Labs and Blockchain.com come in fourth and fifth, having received $305 million and $300 million respectively.

This year has been a good one so far for crypto companies raisi funds. “Of the 12 largest crypto-investments in history, five have been in 2021,” Forbes detailed.

The overall crypto space has seen notable exuberance in 2021, with Bitcoin’s price reaching record highs as well as standout price performances from other digital assets.

Coinbase isalso stands on Forbes’ list, seeing $300 million worth of capital invested in its brand in 2018. That funding included participation from Andreessen Horowitz and Polychain Capital, among others. Coinbase went public on the Nasdaq in April 2021 by way of a direct listing.

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