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Grayscale-parent Digital Currency Group tops $10 billion valuation with SoftBank, Google investments
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cnbc.comDigital Currency Group is selling shares to SoftBank and Google's venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.
The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling shares to new backers. The $700 million deal was led by SoftBank and included Google's Capital G and Ribbit Capital, among others.
Digital Currency Group is the parent company of several big names in the crypto space. Until now, its valuation was somewhat of a mystery as it had only raised $25 million in primary capital since launching six years ago.
One subsidiary, Grayscale Investments, is the world's biggest digital asset manager with $50 billion under management.
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