Genesis Digital Wealth raised $ 431 million

Bitcoin Minor Genesis Digital Asset, which has been active since 201 Bit, has announced a 11 million increase in funding for its expansion plans. The round, led by investment firm Paradigm, comes less than two months before the pre-mining funding round of 125 125 million.

Former investors have joined the fund rounds, including NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital, the $ 2 billion UK-based private equity fund that led the unit in the previous round. Matt Huang, co-founder and managing partner of Paradigm, who joined the Genesis board of directors, commented on the announcement.

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