Cryptocurrency news

Circle takes the crown with the biggest number of hodl investors



The crypto scene is getting interesting by the day. With the rise in the number of crypto enthusiasts, crypto companies are smiling all the way. There has been a mushroom of crypto companies in the recent past. Apart from the rise in the number of institutional investors, there has been a general increase in investors in crypto assets.

Forbes’ top 3

Circle, the USDC creator, the second-largest stablecoin, has raised $440 in investment from an array of investments ranging from private equity, institutional and strategic investors. It got investment from Fidelity Management and Research company, FTX, and many others. This is according to a report done by Forbes on Friday.
The article highlighted the details of the top-12 crypto outfits according to their monetary contribution with time. Circle emerged at the top of the list.
Bitmain, a crypto mining company, took the second position, which got an investment of $422 million back in 2018, according to Forbes. Bitmain took two places on the list.
BlockFi took the 3rd position with a VC round fund of $350 million in 2021. Dapper Labs came fourth with a fund of $305, and Blockchain.com at $300 million.
According to Forbes, this has been a specifically good year for crypto companies as the best companies made it to the list.
Coinbase also made it to the Forbes list $300 million in terms of capital invested in 2018. Coinbase’s move to going public in April this year also attracted a large fan base.

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Eye-opener Pandemic

There is no doubt that the number of hodl investors is rising as people seek alternative better investment options to diversify their investment. The pandemic brought in a new reality that was an eye-opener pushing people to decentralized investment options.

Image by Business Herald from Flickr.



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