September 19, 2021

Former Bitmain CEO Jihan Wu Raises Capital for Unicorn Company

Former Bitmain CEO Jihan Wu Raises Capital for Unicorn Company

Jihan Wu's new company, Matrixport, raised investor funds and earned unicorn status at a $ 1 billion valuation.

Matrixport is a crypto management companycapital. According to Wu, Matrixport manages over $ 10 billion in high net worth clients' funds. The company plans to enter the public market “in 3-5 years” and provide its investors with an exit strategy.

During the latest round of funding, Matrixport raised over $ 100 million from Tiger Global, DST Global, C Ventures, and K3 Ventures.

Matrixport currently offers investments in BTC, ETH, XRP, BCH and LTC.

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According to the materials cointelegraph.com