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Digital Currency Group sees $10 billion valuation as SoftBank, Alphabet invest

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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…



Source cnbc.com

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