Business

Bitcoin Company NYDIG Raises $1 Billion at $7 Billion Valuation

  • NYDIG has raised an impressive $1 billion in a funding round led by WestCap.
  • The institutional bitcoin broker is currently valued at $7 billion.
  • WestCap led the largest funding round in Bitcoin history.

NYDIG has raised $1 billion in a new round of funding led by growth equity firm WestCap, valuing the company at a whopping $7 billion, the company said in a statement. statement Tuesday.

Bessemer Venture Partners and FinTech Collective also participated in the round, helping to fund the bitcoin service provider’s expansion and growth. Existing investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life also participated.

“Our portfolio of strategic partnerships and investors lays the groundwork for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new source of equity capital will continue.” accelerates making this exciting network accessible – and useful – to all,” Robert Gutmann, co-founder and CEO of NYDIG, said in a statement.

https://bitcoinmagazine.com/business/bitcoin-company-nydig-raises-1-billion-at-7-billion-valuation Bitcoin Company NYDIG Raises $1 Billion at $7 Billion Valuation

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