Today, we will explain one of the largest deals by block.one of which is in the blockchain business. Block.one had made a $17b bet on the crypto world. The company spent $17b in 2021 on companies that operate in this space. Block.one invested $10b in Bullish Global only. Pitchbook had added this data. Brandon Kochkodin from Bloomberg has also noted this data in his article in June 2021. From that time Block.one has invested in many more firms. Let’s check more about pitchbook 17b 10b block.one globalkochkodinbloomberg.
About $10 Billion Block.one investment in Bullish Global
Today Block.one, the software company behind EOSIO open-source software announced a remarkable launch of its new subsidiary: Bullish Global. As an independently operating entity under their parent organization, it will serve as home to Bullish – a blockchain based cryptocurrency exchange that boasts performances and user privacy akin to central order book technology while offering all the advantages associated with DeFi market architecture in one vertcally integrated package. Backed by over $10 billion from both initial injection from Block One ($100 million) in BTC/EOS and another strategic investment round for $300 million; this exciting venture presents unrivaled oppportunities for users around the globe!
About Bullish Global
Bullish is transforming the digital assets sector with its signature product: Bullish Exchange. This advanced platform provides asset holders and traders alike with deep liquidity, automated market-making capabilities, and top-notch security measures to foster greater accessibility of digital assets trading. Regulated by Gibraltar Financial Services Commission (GFSC), this next-generation exchange offers a reliable way for users to maximize performance while protecting against potential risks – making it the go-to choice in today’s ever-expanding crypto space.
Block.one last deal in Nov 2022
As we told you, Block.one has done many investments in the last three years. The last investment by the company was in Silvergate Capital.
Block.one CEO Brendan Blumer has made an exciting move, investing in Silvergate Capital’s holding company of Silvergate Bank – a secure network providing financial institutions with access to crypto-fiat services. By buying into the success of this bank through its SEC filing on November 23rd, it confirms that Block.one is rapidly expanding operations and taking strides towards reshaping the world’s economy for future generations!
Name of companies or firms in Block.one invested
Academy School Tokens (ACAD)
AviaGames (Pocket 7)
Big Run Studios
Custos Media Technologies
Digital Assets Data
Ember Sword (So Couch)
Forte and many more.
We hope the crypto world will get more investment in 2023. Major cryptocurrencies like Bitcoin and ETH have flat charts nowadays but prices may increase in 2023. Check more articles on Businessniddle.