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Bitget turns into controlling shareholder of BitKeep pockets

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Bitget turns into controlling shareholder of BitKeep pockets

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Bitcoin

Image: Michael Förtsch/Unsplash

Seychelles-based cryptocurrency alternate Bitget stated it has invested US$30 million in decentralized multi-chain pockets BitKeep to turn into its controlling shareholder. 

See associated article: Bitcoin rises above US$28,000; XRP biggest gainer in top 10 cryptos

Fast details

  • The funding will let Bitget develop its vary of companies whereas supporting BitKeep to enhance stability and safety of its choices, the alternate said in a statement
  • In November, Bitget announced plans to develop its workforce to 1,200 with 400 further hires by the primary quarter of 2023. 
  • Singapore-based BitKeep, based in 2018, raised its valuation to US$100 million final May after a US$15 million Series A funding spherical led by Dragonfly Capital.
  • BitKeep has over eight million customers and helps 90 mainnet networks, together with Bitcoin, Ethereum, BNB Chain, Polygon and Solana, in keeping with the corporate.
  • BitKeep suffered a cryptocurrency theft in October final yr when over US$1 million in BNB tokens was stolen by an unidentified hacker. 

See associated article: Texas legislature introduces bill to attract Bitcoin-related businesses, protect interests of same

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