A recent report pointed out that between September last year and June this year, 40 of the world’s top 100 listed companies invested in the blockchain and cryptocurrency fields, totaling about $6 billion. In terms of investment amount, Alphabet, the deep-pocketed parent company of Google, topped the list, investing $1.56 billion in four companies.
According to research by blockchain market intelligence agency Blockdata, Alphabet has invested $1.56 billion in the blockchain, cryptocurrency space, focusing on 4 companies: digital asset custody platform Fireblocks, Web3 gaming company Dapper Labs, Bitcoin infrastructure tool Voltage and cryptocurrency investment firm Digital Currency Group.
This is in stark contrast to 2021, where Alphabet invested $601.4 million last year but invested in as many as 17 companies: Dapper Labs, Alchemy, Blockchain.com, Celo, Helium and Ripple.
In the past two years, the world’s top 100 listed companies have also increased their investment in the cryptocurrency industry, with a total investment of $6 billion between September 2021 and June 2022; and between January 2021 and September 2021 $1.9 billion; full-year 2020 was $506 million.
Other large corporate investors include: asset manager BlackRock with $1.171 billion; investment bank Morgan Stanley with $1.1 billion; and South Korean tech giant Samsung with $979.2 million.
Like Alphabet’s investment strategy, Morgan Stanley and BlackRock took a more focused approach to investing during this period, investing in only two or three companies each. Samsung was the most active investor, investing in 13 different companies during the period.
During this period, a total of 61 blockchain and cryptocurrency companies have received investment in 71 rounds of financing, and the most popular use case is NFT. Of the 61 companies that received investment, 19 companies provide some form of NFT solutions and services; 11 companies provide gaming services; 7 companies provide blockchain services; 5 companies focus on infrastructure; 4 A company specializing in blockchain development platforms, dApps, smart contracts, asset management, tokenization and scaling solutions.