Whale Digital Invests in Crypto Accelerator: Brevan Howard Digital and Galaxy Digital Invest US$100 Million in Alliance

Bittime - Cryptocurrency accelerator, Alliance, has secured significant investment from two major players in the digital asset space: Brevan Howard Digital and Galaxy Digital .

Alliance Raises US$10 Million Each from Large Investors

According to sources who spoke to The Block and information gleaned from meeting slides they obtained, both Brevan Howard Digital and Galaxy Digital have committed US$10 million each to participate in Alliance's third funding round (Fund III). 

This brings Alliance one step closer to achieving their goal of raising a total of US$100 million .

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Alliance: Driving Innovation in Crypto Startups

Founded in 2020, Alliance has played an important role in nurturing promising crypto startups. With over 200 ventures already supported by their program, Alliance is a recognized name in the crypto accelerator landscape.

Alliance Fund III: Fueling the Future

Alliance's Fund III seeks to raise an additional US$80 million by July 2024, to reach their $100 million target. This substantial funding will allow them to continue providing valuable resources to early stage crypto companies.

Focus on Early Stage Startups

Funding provided by the Alliance typically takes the form of a US$500,000 investment for each participating startup. This targeted approach allows them to empower more promising ventures in the crypto ecosystem.

Brevan Howard Digital Takes First Steps

This marks the first time Brevan Howard Digital, the investment arm of billionaire Brevan Howard, has participated in an Alliance funding round. Galaxy Digital, on the other hand, has a history of involvement with Alliance, having been a lead Limited Partner (LP) in their second fund.

Also Read How to Buy Crypto:

Positive Signs for Crypto Innovation

The combined investment from these two heavyweights signals strong confidence in the Alliance's ability to identify and nurture a new generation of innovative crypto ventures. This news is a positive indicator for the overall health and innovation in the cryptocurrency space.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also read:

5 Crypto Assets with the Potential to Make 300% Profit when Bitcoin Halving

5 Main Reasons the Price of Wormhole ($W) Dropped to a 29% Drop

Bitcoin Cash (BCH) Experiences a Post-Halving Roller Coaster, Prices Fluctuate

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.