Offering “tax-advantaged” access to crypto through IRAs, iTrustCapital seems to be aiming to reduce its clients' tax payments to the US government
Cryptocurrency individual retirement account and 401 provider iTrustCapital said it had raised $125 million in a growth equity investment, making its valuation reach $1.3 billion.
In a Wednesday announcement, iTrustCapital said it had completed a $125 million Series A growth equity investment led by New York-based VC firm Left Lane Capital. The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions.
"We are equally excited to partner with iTrustCapital to help support their mission to provide access to cryptocurrency and other alternative investment products through self-directed IRAs,” said Left Lane Capital board member Matthew Miller. “iTrustCapital serves clients that seek long-term, tax-advantaged exposure to cryptocurrency as an asset class.”
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