Bloomberg: Custodian service provider Copper has raised $196 million in its Series C funding round

ChainCatcher news, according to a report by Bloomberg, a publicly disclosed filing this week shows that as of June this year, cryptocurrency custodian Copper has raised $196 million in Series C funding, including $181 million from new and existing shareholders, as well as $15 million in convertible loan notes. A spokesperson for Copper declined to comment on the company's related information, as the company has not officially completed this round of financing.

In addition, Bloomberg reported that last November, Copper hoped to secure a $500 million investment at a $3 billion valuation, but as cryptocurrency prices plummeted, venture capital firms adjusted their expectations for the cryptocurrency sector, which also affected Copper's current financing situation. (Source link)