Google parent firm Alphabet reportedly invested the highest sum of capital – $1.5 billion – towards the blockchain sphere, compared to any other public company, within Sep. 2021 and Jun. 2022. 

Specifically, as disclosed in an updated blog from Blockdata on Aug. 17, Alphabet (Google) was reportedly named the entity that made the deepest investment in comparison with the top 40 public corporations pouring money in blockchain and crypto firms during the time frame.

The firm reportedly spent $1.5 billion into the sphere, focusing on four blockchain establishments including digital asset custody platform Fireblocks, Web3 gaming company Dapper Labs, Bitcoin infrastructure tool Voltage, and venture capital company Digital Currency Group.

The insight revealed an entirely difference in approach to 2021, where Google diversified its much smaller $601.4 million funding budget throughout 17 blockchain-powered entities, which again included Dapper Labs, along with Alchemy, Blockchain.com, Celo, Helium and Ripple.

The noted rise in Google’s investment into the blockchain sector shows a consistent pattern with the other top 40 publicly traded firms, with $6 billion overall being invested within the time frame, in comparison with $1.9 billion between Jan. 2021 to Sep. 2021 and $506 million in all of 2020.

The other big corporate names also read asset management firm BlackRock, which made a $1.17 billion total investment, investment banking corporation Morgan Stanley, pouring in $1.11 billion, and electronics company Samsung, spending an overall sum of $979.2 million.

Similar to Google, Morgan Stanley and BlackRock reportedly employed an approach in a more focused manner, via making investment in only two to three firms during the time frame. 

Nonetheless, Samsung was, up to now, the most active investor having invested in 13 different companies.

“Many of these belong to industries such as gaming, arts & entertainment, and distributed ledger technology (DLT).” The insights further suggested that firms offering some form of non-fungible token (NFT) solutions have been the most popular investment.