11/1/2021, 12:53 PM (Source: TeleTrader)
more TeleTrader news

Digital Currency Group reaches $10B valuation

Digital Currency Group will sell shares to SoftBank and Google’s Capital G in a $700 million deal, to reach a $10 billion valuation, the company announced on Monday.

The parent company of several big names in the digital currency space announced a secondary round of funding, making its valuation known for the first time.

"We’re the best proxy for investing in this industry. We were looking for the type of backers that could be, and hopefully will be with, with us on this journey for the next couple of decades," Founder and CEO of Digital Currency Group, Barry Sibert, told CNBC.

Baha Breaking the News (BBN) / TT