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TechFlow news, July 02, according to Bloomberg, Peter Thiel-backed crypto-friendly bank Erebor Bank is in talks with potential investors for a new round of financing, with a valuation of at least $8 billion, nearly double its $4.35 billion valuation at the end of 2025. The report stated that the bank, only five months after obtaining its banking license, has seen deposits nearly quadruple in the past three months.
According to Bloomberg, Erebor Bank, a crypto-friendly bank backed by Peter Thiel, is negotiating a new round of financing with potential investors at a valuation of at least $8 billion, nearly double its valuation of $4.35 billion at the end of 2025. The report stated that just five months after obtaining its banking license, the bank's deposits have nearly quadrupled in the past three months.
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