• Tue. May 28th, 2024

Google has Invested $1.5 Billion in Crypto-Powered Projects

Hassan Mehmood

ByHassan Mehmood

Aug 18, 2022

According to recent research published by Blockdata, the interest among institutional investors to inject money into the crypto market is more than solid. Many publicly listed companies have come forward with generous investments on their hands and have made multiple investments within various sectors of the crypto market.

It would seem that the parent company of Google, Alphabet Inc., has also injected almost $1.56 billion into different blockchain projects within the crypto market in a total of four different investment rounds. This was between September 2021 and June 2022 of the present year.

Morgan Stanley also Invested in Crypto Sector

It would seem that only a tech giant such as Google or its parent company, Alphabet, would actually have the nerves to invest their money into the crypto market, but that is not the only case. There are other firms out there that have done the same such as the Blackrock firm, which invested almost $1.17 billion into the crypto market followed by three different investment rounds.

Morgan Stanley, the banking giant, has gone out on a limb to invest almost $1.1 billion, followed by two consecutive investment rounds.

The mobile tech giant Samsung is not so far in this lead and has invested almost $979 million into 13 different investment rounds, while Goldman Sachs has gone $698 million into the crypto market.

There are also many other firms who have done the same in the past; for example, Tesla, the e-car giant, did invest a hefty amount of money into Bitcoin when it was at the top of its game. But as the cryptocurrency continued to deteriorate with the passage of time, Tesla closed their position, and so did many other investors who found themselves in the same boat as Tesla.

You would assume that with all these big names making their investment into the crypto world, the press would be focusing on these and covering the stories. But that is not the case; in fact, most of these were of the book trades as if the companies wanted to stay anonymous should anything go sideways.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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