Large investments in crypto companies confirm that investors continue to believe in the success of BTC
2 min readThe sharp fall in the price of BTC in recent weeks could have uncertain many investors. However, reports of investment in BTC infrastructure and digital assets suggest that, in the long run, confidence in BTC’s success among solvent investors remains high.
Large investments in crypto companies continues
The latest evidence is the successful financing of another BTC mining giant, Genesis Digital Assets, which has announced that it has received $ 125 million in funding through a new round of equity financing for Britain’s Kingsway Capital. He will use this money to buy additional hardware for BTC mining, which he will launch in new data centers in the USA and the Nordic countries (including Iceland, Finland, Denmark, Sweden and the like).
Michael Saylor, head of Microstrategy, which owns more than 105,000 BTCs, also commented on the news. ,,The next day, another $ 125 million invested in BTC. “ he wrote.
Genesis Mining’s ambition is to increase its current hashrate from around 2.6 exahashes per second, which currently represents about 2.5% of the global BTC hashrate, to 5.5% EH / s by 2023.
But the American company is not the only one that currently invests considerable money in its infrastructure. A few days ago, BIT Mining announced that it had entered into an agreement to purchase 2,500 new BTC mining machines, which it wants to engage in Kazakhstan. Another mining company, Strongold, plans to enter the stock market through an IPO, which aims to raise $ 100 million as well as to strengthen its mining infrastructure.
The money invested in mining companies underscores confidence in the bright future of BTC as such, as BTC mining is economically linked to the price of BTC. The recent huge success of Sam Bankman Fried’s FTX exchange, which has raised an incredible $ 900 million in funding from 60 different investors in the latest round of funding, can be seen in a similar way.
