Charting blockchain investments during the COVID-19 pandemic

Quick Take

  • $1.47 billion has been raised across 265 blockchain deals during the coronavirus pandemic era
  • An 868% increase in later-stage deals in May, coinciding with a 46% decline in early-stage, suggests that investors pulled back on early-stage deals with a preferred preference for more established later-stage firms instead
  • The economic environment has been ripe for M&A activity, with M&A making up 18% of all investment deals in May
The Block has analyzed the investment landscape for blockchain companies during COVID-19 conditions.

LukkaTax is NOW FREE to try and see your Optimized crypto tax summary! Brought to you by Lukka, the company building solutions for the largest crypto businesses in the world. LukkaTax supports crypto-crypto, margin/shorting, mining income transactions, and it integrates with all major exchanges and wallets. If you plan on saying “YES” to the very first question on Schedule 1 of IRS Form 1040: “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency” then get started with LukkaTax for FREE. Terms and Conditions apply.

Related Reading