Bitwise Secures Significant Investment

Bitwise Completes $70 Million Funding Round

Funding Led by Electric Capital

Bitwise, a specialized asset manager in the cryptocurrency industry, has successfully raised $70 million through a recent equity offering. This funding effort was spearheaded by Electric Capital, a firm prominent in crypto ventures.

Notable Participants in Investment

The funding campaign also saw involvement from several other notable entities, including MassMutual, Highland Capital, MIT Investment Management Company, Haun Ventures, and ParaFi Capital.

Strategic Allocation of Funds

With the newly acquired funds, Bitwise aims to strengthen its financial standings, enhance its investment strategies and services, and expand its team size in key locations such as San Francisco, New York, and London.