Mastercard: Drops Zerohash Stake After BVNK Buy
Mastercard abandons Zerohash investment following its $1.8 billion BVNK acquisition as the Chicago crypto infrastructure firm raises fresh capital at a higher valuation.
SourceAnalysis
Mastercard has abandoned plans to invest in crypto infrastructure firm Zerohash after the payments giant’s $1.8 billion acquisition of BVNK, according to a source. The move comes as the Chicago-based firm is now raising fresh capital at a higher valuation amid shifting priorities in crypto infrastructure investment and Mastercard crypto strategy.
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