Share this article
Novogratz-Backed Cryptology Asset Group Invests $49M More in Block.one
Publicly traded Cryptology was already one of Block.one's largest backers. It now has a holding of about 4.9%.
Updated Sep 14, 2021, 1:16 p.m. Published Jun 24, 2021, 12:04 p.m.
Cryptology Asset Group, a European investment company backed by Galaxy Digital founder Mike Novogratz, made an additional $49 million investment in Block.one.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Publicly traded Cryptology was already one of Block.one's largest institutional backers, and now owns about 4.9% of the firm, an announcement Thursday said.
- Currently listed in Germany, Cryptology is exploring an international listing to increase liquidity and open up to new shareholder groups, the announcement added. It plans to split its stock, currently trading about €145 (US$170) a share, by issuing 20 new shares for each existing one, it said in a statement.
- Last month, Block.one launched Bullish, a venture focused on unveiling a new crypto exchange later this year capitalized with over $10 billion in cash and digital assets, including 164,000 BTC.
- Bullish is already in talks to go public by merging with fintech-focused SPAC Far Peak Acquisition, after Bullish was announced a little over a month ago.
- Cryptology announced earlier this month it was looking to pour $100 million into crypto venture funds over the next two years. Billionaire founder Christian Angermayer said it would focus on taking equity stakes in blockchain and crypto-related business on a global scale.
Read more: Block.one Pays $27.5M to Settle Class-Action Lawsuit
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
