Google’s parent company Alphabet is on top of the list of companies investing in blockchain

Google’s parent company Alphabet has invested the most amount of capital into the blockchain industry in comparison to any other public company. As per reports, the company has invested a whopping $1.5 billion between the time frame of Sep. 2021 and Jun. 2022.  

Alphabet was revealed as the investor with the deepest pockets in correspondence to the top 40 public corporations investing in blockchain and crypto companies during the same time frame.

The company invested $1.5 billion into the space, focusing on four blockchain companies. These companies include digital asset custody platform Fireblocks, Web3 gaming company Dapper Labs, Bitcoin infrastructure tool Voltage, and venture capital company Digital Currency Group.

This is in contrast to last year, where the tech giant diversified its much more undersized funding effort i.e. $601.4 million across 17 blockchain-based companies, which again comprised Dapper Labs, along with Blockchain.com, Alchemy, Celo, Helium, and Ripple.

Check out, Risks and Rewards of Metaverse investment

google-blockchain-investment

Google’s raised investment into the blockchain industry is constant with the other top 40 publicly traded companies, with $6 billion in sum being invested during this period, compared to $1.9 billion between Jan. 2021 to Sep. 2021 and $506 million in all of the year 2020.

The other big investors include asset management company BlackRock. It invested $1.17 billion, investment banking corporation Morgan Stanley, invested $1.11 billion, and electronics company Samsung, with investments adding up to roughly $979.2 million.

Morgan Stanley and BlackRock also adopted a more robust approach investing in only two to three companies during the period. Yet, Samsung was by far the most active investor having funded 13 different companies.

The data also indicates that companies presenting some form of NFT solutions have been the most popular investment. Many of these belong to industries such as arts & entertainment, gaming, and distributed ledger technology.

The remaining investments have been separated between companies that supply Blockchain-as-a-Service (BaaS), infrastructure, smart contract platforms, scaling solutions, and digital asset custody platforms.


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