Friday, October 7

iTrustCapital Raises $125M, Surpasses $1B Valuation By Cointelegraph


©Reuters. iTrustCapital raises $125 million and exceeds $1 billion valuation

Cryptocurrency 401(k) and individual retirement account provider iTrustCapital said it had raised $125 million in a growth capital investment, taking its valuation to $1.3 billion.

In an announcement on Wednesday, iTrustCapital said it had completed a $125 million Series A growth capital investment led by New York-based venture capital firm Left Lane Capital. The company said it planned to use the funds to expand its line of existing products and services, as well as explore strategic acquisitions.

“We are equally excited to partner with iTrustCapital to help support their mission of providing access to cryptocurrency and other alternative investment products through self-directed IRAs,” said Left Lane Capital Board Member Matthew Miller. “iTrustCapital serves clients seeking long-term, tax-advantaged exposure to cryptocurrency as an asset class.”

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



es.investing.com