Bitcoin Company NYDIG Raises $1B At $7B Valuation


  • NYDIG has raised an impressive $1 billion in a funding round led by WestCap.
  • The institutional bitcoin broker is now valued at $7 billion.
  • WestCap led what is likely the largest funding round in the history of Bitcoin.

NYDIG has raised $1 billion in a new funding round led by growth equity firm WestCap, valuing the company at a whopping $7 billion, the company said in a statement Tuesday.

Bessemer Venture Partners and FinTech Collective also participated in the round, helping finance the bitcoin services provider’s expansion and growth. Existing investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley, and New York Life also joined.

“Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new equity capital will further accelerate progress towards making this exciting network accessible – and useful – to all,” said Robert Gutmann, co-founder and CEO of NYDIG, in a statement.

Source: Bitcoin Magazine


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