One of the leading venture capital firms of Silicon Valley Andreessen Horowitz continues to rise in cryptocurrencies.
The company announced in January to invest in cryptocurrencies and double the fund it created last year. It announced that they would establish a new fund of 4.5 billion dollars.
of CNBC Andreessen Horowitz today announced a new $4.5 billion fund to support crypto and blockchain companies.
This announced new fund creates the company’s fourth fund in the crypto asset class. crypto and blockchain investments bringing the total figure to $7.6 billion.
The company said in a statement that the said fund is behind both the projects. to cryptocurrencies He also said that it will be used to invest in company capital.
Emphasizing that the company’s first cryptocurrency fund was launched in a time of decline, as we are currently in, the news said, General partner of Andreessen Horowitz, Arianna Simpson following statements were made:
“Bear markets are usually when the best opportunities arise, when people can focus on the underlying technology instead of being distracted by short-term price movements.
Also, our investors don’t have to worry about the company’s investments and projects.
Because we show great care in our investments and projects. While our investment pace is high, we really only continue to invest in top founders.”