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Erebor Bank Eyes $8 Billion Valuation as Deposits Nearly Quadruple to $4.05 Billion

2026-07-02 13:32:49

According to Bloomberg, on July 2, Erebor Bank is in talks to raise funding at a valuation of at least $8 billion, roughly double the $4.35 billion valuation the crypto-focused startup secured in December. The bank's deposits have nearly quadrupled to $4.05 billion since March, up from $1.1 billion at the end of that month.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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