.Google's parent company, Alphabet, took part in $1.5 billion of funding rounds for blockchain and crypto-related companies between September 2021 and June 2022. By JamieCrawleyCD
that looked at the investment activity of the biggest 100 public companies by market cap.
Blockdata used the size of the funding rounds as a proxy for total investment, saying it is not possible to determine the amount contributed by each participant in a round. Samsung was the most active, investing in some 13 companies. Google parent company Alphabet participated in four funding rounds that raised $1.5 billion for blockchain and crypto-related companies, the largest value.
The study highlights the ongoing mainstream acceptance of blockchain technology and the crypto industry. Financial services giants BlackRock took part in rounds valued at $1.2 billion and Morgan Stanley participated in $1.1 billion of fundraising activity. Alphabet invested in four companies: crypto custody technology provider Fireblocks, Flow blockchain developer Dapper Labs, Bitcoin network infrastructure provider Voltage and investment firm Digital Currency Group, the parent company of CoinDesk.
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