According to BlockBeats, on February 25, Bitwise successfully raised $70 million in a funding round. The investment was backed by Electric Capital, MassMutual, MIT Investment Management Company, Highland Capital, Haun Ventures, and ParaFi Capital. This funding aims to further Bitwise’s goal of becoming a leading crypto asset management firm.
Currently, Bitwise manages $12 billion in client assets, employs over 100 staff members, and offers more than 30 investment solutions. The company plans to expand its team and introduce new products to strengthen its market position.
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