2022-12-03 17:08:01
Alameda Research Invested $1.15 Billion In Genesis Digital Assets
Alameda Research has invested $1.15 billion in Genesis Digital Assets. However, the mining firm is unrelated to Digital Currency Group’s Genesis Trading, which made news last month for suspending customer withdrawals due to a liquidity crisis caused by FTX’s bankruptcy.
Alameda invested in the crypto miner four times. It made a $100 million investment in mining last August. It spent $550 million in January, $250 million in February, and $250 million in April. Genesis Digital Assets was valued at $5.5 billion in the April funding round, making Alameda’s investment one of its largest.
Source
41 views14:08