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Chronicles

The story behind the story

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Sources: Crypto broker NYDIG, which raised $1B at a $7B+ valuation in December 2021, laid off ~110 people, about a third of its workforce, in September 2022

Company said last year that it had raised $1 billion at a valuation of more than $7 billion  —  NYDIG, the bitcoin trading and banking firm …

Wall Street Journal

Discussion

  • @ldrogen Leigh Drogen on x
    STILL don't know what NYDIG actually does and I don't think anyone else does either https://twitter.com/...
  • @mdudas Mike Dudas on x
    NYDIG was always a myth. No one I spoke with could ever understand the valuation, funding, business model or market positioning. https://www.coindesk.com/...