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Fireblocks quadruples in value to $8 billion

 


Fireblock's massive capital inflow drives the company's value to $8 billion. The money tap for the company seems to be turned on more and more.



The latest financial injection from the crypto custodian is impressive. With 550 million US dollars, the company has gained another thick capital cushion.

In addition to existing investors, the financiers included General Atlantic and the venture capital company CapitalG , a subsidiary of Google parent company Alphabet .

The last round of funding in the summer of last year propelled Fireblocks to an enterprise value of around $2 billion. Accordingly, the digital asset manager was able to almost quadruple its value within half a year.

With the latest round of funding, the company has raised over $1 billion in capital since its inception in 2018.

Fireblocks is a service provider that helps other companies in the industry with custody of digital assets.

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