AB Kuai Dong
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Kraken's fundraising this time is quite amazing
The official valuation is set at 15 billion, aiming to raise another 500 million
Meanwhile, existing shareholders are transferring at a valuation of 14.5 billion among peers
Why are the old institutions so anxious? Because the leading company Coinbase has seen its market value drop from 110 billion to 79.8 billion, fearing that if it goes public next year, it may not be worth that price anymore. I wonder if this counts as smart money fleeing or taking profits early.
The official valuation is set at 15 billion, aiming to raise another 500 million
Meanwhile, existing shareholders are transferring at a valuation of 14.5 billion among peers
Why are the old institutions so anxious? Because the leading company Coinbase has seen its market value drop from 110 billion to 79.8 billion, fearing that if it goes public next year, it may not be worth that price anymore. I wonder if this counts as smart money fleeing or taking profits early.
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