Chainalysis Adds Bitcoin to record — Its 1st Cryptocurrency Acquisition

Blockchain data platform Chainalysis has declared that it’s adding bitcoin to its company investment portfolio. This is often the company’s 1st acquisition of cryptocurrency, the chief operating officer disclosed. Chainalysis is valued at $4.2 billion.

Chainalysis’ 1st Acquisition of Cryptocurrency

Blockchain data analytics firm Chainalysis declared Tuesday the addition of bitcoin to its record.

Chainalysis can acquire bitcoin mistreatment the brokerage services of the ny Digital Investment cluster (NYDIG), the bitcoin investment arm of Stone Ridge quality Management. NYDIG also will give custody of the coins purchased. Chainalysis has been NYDIG’s compliance technology partner since 2018.

“Digital qualities have emerged as an alternate asset category for shoppers, enterprises, governments, banks, and money establishments,” Chainalysis noted, adding that it “is laser-focused on its commitment to assembling trust in cryptocurrency as a digital quality.”

Michael Gronager, co-founder and chief operating officer at Chainalysis, commented:

“We are excited to be adding bitcoin to our company investment portfolio … This is often Chainalysis’ 1st acquisition of cryptocurrency, and that we can still pursue different digital assets as potential future investments.”

Chainalysis raised $300 million within the past year, with the foremost recent fundraising spherical valuing the corporate at $4.2 billion, the blockchain knowledge firm supplemental.

A growing variety of firms have supplemental bitcoin to their balance sheets. in keeping with a curated list of bitcoin treasuries, the general public corporation that has non heritable the foremost BTC is Microstrategy, that is presently holding 114,042 bitcoins. Elon Musk’s motorcar company, Tesla, came second with 42,000 BTC.