Venture Capital Giant Is Planning to Raise $1 Billion to Invest In Cryptocurrencies and Startups
With this latest move, one of Silicon Valley's highest-profile venture capital firms is introducing one of the largest pools of capital to crypto, potentially twice the size of its predecessor — its third crypto fund, which raised $515 million a year ago.
After the success of Coinbase, currently valued at about $60 billion down from the initial brief valuation of $100 billion, institutional investors such as endowments and foundations are now renewing their bet on the technology.
