Blockdata found that Alphabet, the company that owns Google, took part in four Blockchain Investment rounds that raised a total of $1.5 billion.
According to a study by Blockdata, between September 2021 and June 2022, 40 of the biggest companies in the world put about $6 billion into Blockchain Investment companies. The study examined the investment activity of the 100 biggest public companies by market cap.
Blockdata used the size of the funding rounds as a proxy for the total amount invested, saying that it is impossible to figure out how much each participant in a round put in. Samsung invested in 13 companies, more than any other company. Alphabet, which owns Google, took part in four funding rounds that brought in a total of $1.5 billion for Blockchain Investment and cryptocurrency companies. This was the most money raised by any company.
The study shows that blockchain technology and crypto are becoming more popular. BlackRock (BLK), the largest asset manager in the world, took part in rounds worth $1.2 billion, and Morgan Stanley (MS) took part in rounds worth $1.1 billion.
Alphabet put money into four companies, including Fireblocks, which makes technology for crypto custody. Dapper Labs makes software for the Flow blockchain; voltage, which makes infrastructure for the Bitcoin network; and Digital Currency Group, which is a company.
Blockworks had already written about the study.
