The
“Crypto Ban? Nah, Here’s $30M Anyway! 😂💰”
What to know:
- Gaorong Ventures invested $30 million at a pre-money valuation of over $1 billion, resulting in a post-money valuation near $1.5 billion for HashKey.
- HashKey Group, established in 2018, operates two licensed cryptocurrency exchanges in Hong Kong.
The news of this $30 million investment from Gaorong Ventures into HashKey reads like an ironic verse etched by history’s unsparing chisel—China bans crypto, and yet here comes $30 million marching in as if nothing happened. 🚶♂️💵
Gaorong Ventures, the fabled whisperer of tech empires that once declared war on the “blockchain barbarians,” now finds itself financing the very bastion of Hong Kong’s crypto future. Bloomberg reports that this audacious leap came at a pre-money valuation exceeding—yes, exceeding—a billion dollars (cue the digital gasps). 🤑
And as HashKey’s spokesperson murmured, with a bashful smile one imagines, “Oh, just a $1.5 billion valuation now.” Cool. Casual. Humblebrag much? 😏
Meanwhile, over the Great Firewall, China’s crypto bans have been as persistent as a bad outbreak of spam emails. But even in the shadow of these iron policies, investors continue to lavish millions upon crypto ventures. Tencent, the gatekeeper of WeChat and countless memes, recently invested in Wintermute, a crypto market maker. Who knew irony could be this lucrative? 🤷♀️
It’s worth noting that HashKey Group first flexed its muscles early last year, scooping up a modest $100 million in a Series A round at a $1.2 billion valuation. Think of this $30 million as icing on their blockchain-shaped cake. And let’s not forget, they run the first two licensed cryptocurrency exchanges in Hong Kong, like knights crusading in the battlefields of regulatory chaos. ⚔️✨
Ah, HashKey, born in 2018, aged by the fire of anti-crypto crackdowns, now stands tall as a paradoxical epitome of China’s existential humor. A company that thrives between man-made chaos and the unyielding pull of global capitalism—truly, an ode to our absurd modern existence. 🧐🌍
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2025-02-14 16:18