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Digital Currency Group, a cryptocurrency conglomerate that counts the asset-management firm Grayscale and media company CoinDesk among its holdings, raised $700m in an investment round, the second-largest in the crypto sector. The funding round valued the company at $10b and was led by SoftBank Group Vision Fund 2 and Latin America Fund, and included GIC Capital, Ribbit Capital and CapitalG.
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“It is basically the single-best asset that gives us the diversity of exposure to crypto, A-Z,” Mr. Claure said.
https://www.wsj.com/articles/digital-currency-group-wants-to-be-cryptos-standard-oil-11635764400
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