Bitget made an additional investment of $30 million at a valuation of $300 million, acquiring a controlling stake in the crypto wallet BitKeep

2023-03-22 19:09:53

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ChainCatcher news, according to The Block, cryptocurrency exchange Bitget has made an additional investment of $30 million at a valuation of $300 million, acquiring a controlling stake in the cryptocurrency wallet BitKeep.

It is reported that as part of the Bitget transaction, BitKeep CEO Kevin will resign, and BitKeep's current Chief Product Officer Karry Cheung will be promoted to CEO. BitKeep will continue to operate as an independent entity.

According to the crypto data platform RootData, BitKeep completed a $15 million Series A financing at a valuation of $100 million last May, led by Dragonfly, with participation from Foresight Ventures, SevenX Ventures, and others; previously, Matrix Partners was one of BitKeep's earliest investors. (Source link)

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