Cryptocurrencies
Baillie Gifford Backs Crypto With $100 Million in Blockchain.com
- Baillie Gifford makes biggest outside investment in start-up
- Edinburgh-based firm is known for bets on technology names
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Baillie Gifford & Co., a money manager known for early bets on technology stocks like Tesla Inc., has invested $100 million in one of the U.K.’s biggest cryptocurrency start-ups.
The Edinburgh-based firm participated in the latest funding round for Blockchain.com, according to a post on Tuesday from Peter Smith, co-founder and CEO of the crypto wallet provider. The company allows users to buy and store digital tokens such as Bitcoin.