TechFlow reported on July 19, according to Bloomberg citing sources familiar with the matter, that cryptocurrency market maker Wintermute is in talks with investors including Tencent over a funding round at a valuation of around $2 billion. The sources said that as part of the deal, early investors and employees could sell some shares. Combined with funds raised through the issuance of new shares, the total transaction size could reach between $200 million and $300 million.
Previous report, cryptocurrency market maker Wintermute Trading is discussing raising a new round of funding. The company plans to sell $100 million worth of shares, with part of the proceeds going to existing shareholders.
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