Bitcoin reached an all-time high of more than $108,000 in January.
Paul Yeung/Bloomberg
Hashkey Group, which operates Hong Kong’s largest licensed crypto exchange by trading volume, has received a $30 million investment from Gaorong Ventures, an early backer of Chinese discount e-commerce giant PDD Holdings.
The investment values Hashkey at nearly $1.5 billion post-money, the Hong Kong-based company confirmed on Monday. Hashkey said it achieved unicorn status last January, when it raised roughly $100 million in a Series A round at a pre-money valuation of more than $1.2 billion from investors including OKX Ventures, the investment arm of crypto exchange OKX.
Hashkey didn’t provide details about how it will use the proceeds.
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