cryptocurrency

Most Active Investor in Samsung in the Blockchain and Crypto Sector

Most Active Investor in Samsung in the Blockchain and Crypto Sector
  • The second most active investor is United Overseas Bank.
  • Alphabet, the parent company of Google, has participated in investment rounds totaling $1.51 billion.

BlockdataThe research organization, which analyzed the investments made by major blockchain companies and cryptocurrency startups between September 2021 and mid-June 2022, and found that the South Korean electronics giant Samsung Most active, having invested in 13 companies during that time period. The second most active investor is United Overseas Bank, with 7 separate companies, followed by the two US financial powers, Citigroup (6) and Goldman Sachs (5). Despite the volatility of the market, these companies have shown great confidence.

Huge 6 billion dollars

Based on the data, it is evident that Samsung, United Overseas Bank, Citigroup, and Goldman Sachs sponsored more than half (31) of the total (65) crypto or blockchain businesses that received funding from the top 40 companies during the time period under scrutiny.

Blockdata research provides an estimate of the total amount that companies spend even when there is no data on the exact amounts invested by each company.

Blockdata research report reads:

“The 40 companies invested nearly $6 billion in blockchain startups between September 2021 and June 2022. Since some of the rounds include participation from multiple investors, it is unclear how much each company has invested in a project.”

Meanwhile, Alphabet, the parent company of Google, has participated in investment rounds totaling about $1.51 billion, making it the most active business in this regard. Second place goes to BlackRock, which participated in three investment rounds totaling $1.17 billion.

After participating in two rounds and raising $1.1 billion, the American financial services company Morgan Stanley climbed to third place, while Samsung fell to fourth place with $979 million.

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