Circle reportedly managed to reel in a staggering $440 million investment, setting a record for the biggest sum received by a company in the crypto and blockchain sector. 

Specifically, crypto firms have reportedly been developing themselves, in line with the growth the sector is witnessing, and according to Forbes’ insights, several significant investments into the sphere have been carried out, Circle included. 

“Circle, the creator of the second-largest stable coin, USDC, has just raised $440 million in private investment from an array of private equity, institutional and strategic investors”. 

The investment has reportedly been finalized on May 28th, with participants include Fidelity Management and Research company, FTX, and others.

The article from Forbes reportedly outlined the specifics, regarding the top-12 most sizable monetary contributions devoted to crypto entities throughout the years, with Circle seizing the number one spot. 

Securing second place is reportedly crypto mining solution provider Bitmain, with an investment round of $422 million conducted three years ago. In fact, Bitmain secured two places in the ranking list, with additional investment in the same year, of approximately $292.7 million.

BlockFi came third with a $350 million VC round from 2021. Dapper Labs and Blockchain.com respectively stand at fourth and fifth, having obtained $305 million and $300 million in investment. 

2021 has reportedly been a fruitful year in terms of fundraising for crypto entities, as “Of the 12 largest crypto-investments in history, five have been in 2021”, per Forbes. 

The crypto sphere as a whole has reportedly witnessed significant exuberance this year, with Bitcoin’s price hitting record-breaking highs, together with standout price performances from other digital assets.