20 July 2026
Google Parent Company Alphabet Invested $1.5B In Blockchain Companies
According to reports, Alphabet, the parent company of Google, has invested the most amount of capital into the blockchain industry compared to any other public company, investing $1.5 billion between Sep. 2021 and Jun. 2022.
Block data shows that Alphabet (Google) was the investor with the deepest pockets compared to the top 40 public corporations investing in blockchain and crypto companies during the period.
The company has invested $1.5 billion the blockchain technology concentrating on four major companies including digital asset custody platform Fireblocks, Web3 gaming company Dapper Labs, Bitcoin infrastructure tool Voltage, and venture capital company Digital Currency Group.
Last year, Google diversified its much smaller $601.4 million funding effort across 17 blockchain-based companies.
Google has been increasing its investment in the blockchain industry, with $6 billion in total being invested during this time, compared to $1.9 billion between Jan. 2021 to Sep. 2021 and $506 million in all of 2020.
Other big corporate investors include asset management company BlackRock, which invested $1.17 billion, investment banking corporation Morgan Stanley, investing $1.11 billion, and electronics company Samsung, with investments totaling $979.2 million.
Similar to Google, BlackRock and Morgan Stanley are investing heavily in only two to three companies during the period.
Additionally, companies that are offering some form of nonfungible token (NFT) solutions have been the most popular investment.
While the remaining investments have been split between companies that provide Blockchain-as-a-Service (BaaS), infrastructure, smart contract platforms, scaling solutions, and digital asset custody platforms.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice
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