Barry Silbert, Founder and CEO, Digital Currency Group
David A. Grogan | CNBC
Digital Currency Group is selling shares to SoftBank and Alphabet’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 Ribbit Capital and CapitalG, which is a subsidiary of Google’s parent company Alphabet, 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…