The emergence of cryptocurrency and its technology has created a robust and attractive force over the past few years. With the great possibility of blockchain technology, many giant companies in the world have shown interest.
This is due to the huge benefits and applications that arise from the innovative blockchain technology. Also, in most cases, it provides a security measure to protect sensitive information.
Moreover, the investment advantages of blockchain technology are quite massive compared to those of traditional businesses. Investors could reap a return of more than 100% of their invested funds as long as the tables remain straight.
According to a recent study by Blockdata, up to 40 major global companies have invested in blockchain ventures and projects. The survey, which covered between September 2021 and June 2022, found that the amount invested is around $6 billion. Blockdata conducted its observation by studying the investment activity of approximately 100 largest public companies and their market capitalization.
To build its research, the analytics firm focused on the size of giant corporate funding rounds. This served as a proxy for their total investment. Blockdata noted that it had to use this process because it could be difficult to get the exact contributions from every participant in a round.
Big Business Investments in Crypto and Blockchain Companies
From its study and observation, Samsung has established itself as the top most active company. She invested in about 13 different companies during the period studied. The company’s participation in the rounds raised approximately $979 million.
However, Google’s parent company, Alphabet, emerged as the top investor with the highest value. The company participated in four funding rounds to raise $1.5 billion. Funding rounds were for blockchain projects and other crypto-related companies.
Some of Alphabet’s investments include Fireblocks, a crypto custody technology provider, and Dapper Labs, developer of the Flow blockchain. The others are Digital Currency Group and Voltage, a Bitcoin network infrastructure provider.
Additionally, the study indicated the involvement of the world’s largest asset manager, BlackRock (BLK), in some funding rounds. BLK participated in rounds that targeted $1.2 billion. Additionally, it has joined three different funding rounds.
In the same vein, Morgon Stanley (MS) participated in fundraisers that generated approximately $1.1 billion. However, MS was only involved in two funding rounds during the investigation period.
Additionally, Blockdata, through its recent study, pointed out that the mainstream has increased industry acceptance and adoption of crypto and blockchain technology. This can be seen in the growing number of participants in different aspects of cryptocurrency-related services and products.
Featured image from Pixabay and chart from TradingView.com