World's Biggest Companies Invested $6B in Blockchain Firms September-June: Study

Google parent Alphabet participated in four funding rounds that raised a total $1.5 billion, Blockdata found.

AccessTimeIconAug 19, 2022 at 10:33 a.m. UTC
Updated May 11, 2023 at 6:54 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Forty of the world's largest companies invested about $6 billion in blockchain companies between September 2021 and June 2022, according to a study by Blockdata that looked at the investment activity of the biggest 100 public companies by market cap.

Blockdata used the size of the funding rounds as a proxy for total investment, saying it isn't possible to determine the amount contributed by each participant in a round. Samsung was the most active, investing in 13 companies. Google parent company Alphabet (GOOGL) participated in four funding rounds that raised $1.5 billion for blockchain and crypto-related companies, the largest value.

The study highlights the mainstream acceptance of blockchain technology and the crypto industry. BlackRock (BLK), the world's largest asset manager, took part in rounds valued at $1.2 billion, and Morgan Stanley (MS) participated in $1.1 billion of fundraising activity.

Alphabet invested in four companies, including crypto custody technology provider Fireblocks, Flow blockchain developer Dapper Labs, Bitcoin network infrastructure provider Voltage and investment firm Digital Currency Group, the parent company of CoinDesk.

The study was reported earlier by Blockworks.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.