Cryptocurrency broker Voyager Digital has received a $75 million investment from trading firm Alameda Research.
- The investment will be used for growth, Voyager Digital (TSX: VOYG) said Thursday. Shares of the company soared 39% in Toronto.
- Voyager Digital and Alameda plan to tap into opportunities in non-fungible tokens (NFT) and crypto derivatives as well as work together with lawmakers on shaping regulation.
- “Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses,” said Caroline Ellison, the co-CEO of Alameda.
- Alameda Research was launched by crypto billionaire Sam Bankman-Fried who announced Oct. 12 he was taking a step back to make room for co-CEOs Ellison and Sam Trabucco.
- Currently, Alameda Research trades over $5 billion a day across thousands of products including cryptocurrencies, altcoins and their derivatives.
- Voyager Digital will issue some 7.7 million shares to Alameda, giving it a stake of more than 4%.
UPDATE (OCT. 29, 13:27 UTC): Updates with closing share move in first bullet, adds Alameda stake in final bullet.