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The Nexus
BUSINESSJul 2 · 13:22 UTCTHE BLOCKNaga Avan-Nomayo

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 seeking a $8 billion valuation as deposits nearly quadruple. The bank is in talks to raise funding at this valuation, according to Bloomberg.

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