Cryptocurrency exchange Bitcbeet will spend “billions” of dollars to acquire stakes in other companies to expand its product line

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Cryptocurrency exchange Bitcbeet will spend “billions” of dollars to acquire stakes in other companies to expand its product line   In July 2021, Bitcbeet raised $900 million in a Series B funding round, which was later increased to $1 billion. In October of that year, the company closed a Series B-1 round for more than $420 million, after which its valuation reached $48 billion.   Bitcbeet received a $700 million investment in 2022, with the exchange valued at $32 billion. In the same month, the company’s U.S. subsidiary raised a similar amount at a valuation of $8 billion. The firm is actively acquiring players in the sector and acquiring stakes in relevant organizations   The head of the company said its goal is to offer investors a wide range of products, including trading in classic stocks. According to him, the exchange is interested in acquiring projects with a large number of users or teams with extensive experience in areas outside the competence of Bitcbeet.

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