Blockchain Industry Weekly Financing Update

This week, a total of 36 investment and financing cases were announced in the Blockchain field, involving an amount of approximately $605 million. Investments are mainly concentrated in areas such as development, trading platforms, mining, protocols, DeFi, and NFTs.

Regulatory Dynamics

1. China's "14th Five-Year" Plan proposes to nurture and grow emerging digital industries such as Blockchain. The plan emphasizes the development of emerging digital industries including artificial intelligence, big data, Blockchain, cloud computing, and cybersecurity, to enhance the level of related core technologies.

2. French lawmakers signed a petition urging the central bank to buy Bitcoin. The petition cites precedents of companies like MicroStrategy and Tesla purchasing Bitcoin, suggesting a modification of the law to allow the French central bank to buy and hold crypto assets.

Cryptocurrency Market

1. Bitcoin breaks through $60,000 to set a new high, with a market value exceeding Tencent. Bitcoin's market value has surpassed $1 trillion and is expected to surpass Google's parent company Alphabet.

2. Beeple's NFT artwork was sold for $69.35 million, with the buyer being the founder of the NFT fund Metapurse. This is currently the highest-priced NFT art transaction.

3. Canadian regulators approved CI Financial's Bitcoin ETF, which began trading on the Toronto Stock Exchange on March 9.

4. American asset management company Simplify has applied to launch a stock and cryptocurrency ETF, with 15% of the funds to be invested in the Grayscale Bitcoin Trust.

5. Yibang International announced that it will officially launch a cryptocurrency exchange at the end of March.

Mining Dynamics

1. British mining company Argo completes the acquisition of 320 acres of land in Texas, USA, planning to build a new mine.

2. The blockchain company Digihost raised approximately 25 million CAD for the acquisition of Bitcoin mining machines and more.

3. MacChain New Land Company announced the purchase of Bitcoin mining machines worth 10 million dollars.

4. 500.com will be renamed "Bit Mining", focusing on cryptocurrency mining business.

5. The Ninth City will purchase 10,252 Bitcoin mining machines, with a total hash power increase of approximately 192 PH/S.

Traditional Institutions Entering the Market

1. Seetee, a subsidiary of Norwegian holding company Aker, has purchased 1,170 BTC, valued at approximately $58 million.

2. BCMG Genesis in Malaysia launches a Bitcoin fund.

3. Grayscale's parent company DCG plans to purchase $250 million in GBTC.

4. The CEO of Invesman Group stated that they have doubled their holdings of Bitcoin.

5. MicroStrategy purchased 262 Bitcoins again for $15 million.

6. Israeli asset management company Altshuler Shaham holds $150 million in Grayscale Bitcoin Trust.

7. The American custom apparel company RushOrderTees purchases $300,000 worth of cryptocurrency.

8. The note-taking software Roam Research invests 2% of its assets in Bitcoin.

Investment and Financing Details

This week, a total of 36 investment and financing cases were disclosed, involving an amount of approximately $605 million. The main investment areas include:

• DeFi protocols: Saffron, Fei Labs, Alchemix, etc.
• NFT Platforms: BCA, Illuvium, etc.
• Cryptocurrency trading: FalconX, BTSE, etc.
• Mining: BlockFi, River Financial, etc.
• Infrastructure: Meson Network, Shyft Network, etc.

Specific cases include:

• BlockFi completed a $350 million Series D funding round, valuing the company at $3 billion.
• FalconX raised $50 million in funding
• Reef Finance completed a $20 million financing.
• Komainu raised $25 million
• Fei Labs raises $19 million
• River Financial raised $12 million in Series A funding.

Overall, institutional investors maintain a strong interest in the blockchain and cryptocurrency industry, particularly focusing on emerging areas such as DeFi and NFTs.