April 26, 2024

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 has raised funds from investors and achieved unicorn status with a valuation of $1 billion.

Matrixport – this is a management companycrypto capital. According to Wu, Matrixport manages funds for high-net-worth clients totaling more than $10 billion. The company plans to go public “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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Based on materialscointelegraph.com