Google Invests $1.5 Billion In Blockchain Technologies. Between September 2021 and June 2022, Alphabet, the parent company of Google, appears to be the company that has invested the most in the world in the crypto universe! Let's see together what strategy the company adopts.
1.5 billion dollars invested in 9 months!
In the space of 9 months, Alphabet has just invested a trifle of 1.5 billion dollars. More than any other company in the world. This data, from a survey by Blockdata, helps to highlight Alphabet's involvement in companies in the blockchain sector.
In this ranking, Alphabet is ahead of BlackRock and Morgan Stanley, the two other companies that have invested more than a billion dollars over the period.
It is also interesting to note that these first three companies decided to invest accordingly in 3 or 4 different projects. A different strategy for Samsung which has diversified its sources of investment with 13 different companies. This is also the company that participated in the most rounds of tables.
In the case of Google, the sum was invested in 4 different entities: Fireblocks, Dapper Labs, Voltage, and Digital Currency Group. Significant investments that meet Google's assumed strategy in this area.
In the previous ranking last year, the Californian firm was already in the lead with more than 600 million dollars raised on 23 different projects. Google is therefore continuing its blockchain strategy after creating its own blockchain unit at the start of the year.
On this point, it would seem that the firm based in Mountain View does not want to see certain competitors such as Meta (formerly Facebook) fly away.
Finance is also investing in the blockchain!
After Google, there are two financial heavyweights among the biggest crypto investors in recent months. Namely the BlackRock investment fund and the American bank Morgan Stanley.
BlackRock, which weighs more than 10 trillion dollars in asset management, already seems convinced by blockchain technologies. Morgan Stanley Bank, among the 10 largest banks in the world, would seek to find a place for itself in the crypto sphere in order to complete its product offering.
Same thing for Goldman Sachs, which appears in the sixth position in this ranking with a total investment that flirts with 700 million dollars.
For Blockdata, this exposure of financial powers would in reality be due to the desire of customers to expose themselves to this type of asset.
Regarding other companies such as Samsung or Microsoft, Blockdata believes that the investment responds more to a desire to find synergies with their main activities.
"Traditional companies like Samsung or Microsoft, are already supporting the blockchain landscape, as indicated by the funding trend over the years. Now it's about finding innovative companies and portfolios that add value to growing and consolidating their core businesses."
This ranking also highlights the obvious backwardness of companies from the old continent. Dominated by GAFAM and American banks, only a few Asian entities like Samsung or Tencent.
Survey Methodology!
To better understand the figures of this survey, a look at the methodology is in order. To establish this ranking, Blockdata compiled data collected from the 100 largest companies in the world.
The report also specifies that these figures may in fact be higher than those advanced. Blockdata justifies this last point by the fact that these large companies often invest in collaboration with several other investors. Making it difficult to individually count all financial flows.
This Blockdata survey shows that 40 different companies have invested a total of $6 billion. Investments were made with around sixty blockchain players or companies.
Anyway, Blockdata's report allows us to highlight several things. The first is that one of the leaders of web 2.0 seems determined not to miss the turn of web 3. The second is that banks are now investing heavily in the world of blockchain.
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