Peter Thiel-backed crypto-friendly Erebor Bank eyes $8 billion valuation as deposits nearly quadruple: Bloomberg
Covered by 2 sources · 2 articles
2 outlets - including Cryptotimes and Theblock - are covering this story. The Thiel- and Luckey-backed bank is reportedly raising capital after rapid deposit growth while expanding regulated banking for crypto and technology companies.
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Crypto-Friendly Erebor Bank Eyes $8B Valuation Amid Growth
The Thiel- and Luckey-backed bank is reportedly raising capital after rapid deposit growth while expanding regulated banking for crypto and technology companies.
Peter Thiel-backed crypto-friendly Erebor Bank eyes $8 billion valuation as deposits nearly quadruple: Bloomberg
Erebor Bank, backed by Palmer Luckey and Peter Thiel, is in talks to raise funding at a valuation of at least $8 billion, per Bloomberg.