Gwyneth Paltrow, the Oscar winner and founder of Goop, recently took part in a $200 million debt and equity fundraising round for TeraWulf, a crypto mining startup that promises to produce Bitcoin using 100% zero-carbon energy sources such as hydroelectric, nuclear, or solar power.
Paltrow, Beautycon Media CEO Moj Mahdara, and a group of extremely powerful investors, executives, and entrepreneurs have made a significant, eight-digit equity investment in TeraWulf as part of the funding round.
Gwyneth Paltrow has invested in 17 companies. On April 4, 2022, she made her most recent Angel investment in MoonPay.
In this article, we will highlight who Gwyneth Paltrow is and what type of stocks or cryptos she invests in. Keep reading if you’d like to find out more!
Who Is Gwyneth Paltrow?
Gwyneth Paltrow is an actress and businesswoman from the United States. She shot to popularity in 1995 when she starred in Se7en alongside Brad Pitt and Morgan Freeman. Also, she earned an Academy Award for Best Actress in a Dramatic Film in 1999 for her role in the 1998 period drama Shakespeare in Love.
Emma (1996), Great Expectations (1998), The Royal Tenenbaums (2001), Shallow Hal (2001), and the Iron Man franchise are among her other notable films. Paltrow is the daughter of Blythe Danner, an award-winning actress, and Bruce Paltrow, a television producer, and her godfather is famed director Steven Spielberg. She’s also the CEO and founder of Goop. She was awarded the World’s Most Beautiful Woman by PEOPLE in 2013.
Gwyneth Paltrow married Brad Falchuk, a writer, producer, and director, in September 2018. From 2003 to 2014, she was married to Chris Martin, the frontman of Coldplay. They divorced in 2016, and they had two children together.
Paltrow was named Commander of the Order of Arts and Letters (the highest cultural award given by the French government) in 2002, in addition to her other acting awards.
Gwyneth Paltrow Investments in Crypto
Gwyneth Paltrow has invested in 17 businesses, however, only two have to do with cryptocurrency, and those are MoonPay and TeraWulf.
MoonPay, which allows people to pay for digital assets with credit cards, has raised $86.7 million from celebrities like Justin Bieber, Jason Derulo, Bruce Willis, Paris Hilton, Gwyneth Paltrow, and Matthew McConaughey. The latest round of funding will help the company achieve its objective of becoming the PayPal of cryptocurrencies. MoonPay now has a market capitalization of $3.4 billion, according to the company.
Additionally, MoonPay makes purchasing apes simple for celebs. Since apes are expensive, Soto-Wright believes that gathering enough Ethereum to make a purchase isn’t easy. MoonPay then bills the buyer after purchasing the crypto required for the NFT and acquiring the digital asset. Since wire transfers are substantially more expensive than credit cards, this is usually done.
MoonPay also offers its technology to other companies, such as Bitcoin.com and the non-fungible token (NFT) marketplace OpenSea, in a strategy that CEO Ivan Soto-Wright refers to as “crypto-as-a-service.”
NFTs are non-replicable digital assets that represent real-world artifacts like art, entertainment, and real estate. Coca-Cola, Nike, McDonald’s, Gucci, and the National Football League, to name a few, have all included NFTs in their marketing campaigns in the last few months.
Though it appears like MoonPay will remain private until 2022, Soto-Wright has expressed interest in taking the company public. During a November interview with CNBC, the executive expressed his ambition for the company to move into the public domain. Since its launch less than three years ago, MoonPay has been profitable.
TeraWulf, a cryptocurrency startup, has received another $15 million, just months after announcing a $200 million debt and equity investment round. (datacentredynamics)
Existing shareholders recently appointed directors, and corporate leadership contributed nearly $15 million in new capital to the company in March. (TeraWulf)
By the second half of 2022, TeraWulf expects to have raised enough funding to reach six exahashes per second or 200 megawatts of mining capacity. TeraWulf also plans to install 800 megawatts of mining capacity by 2025, allowing for a hash rate of more than 23 exahash per second. (bizjournal)
Furthermore, the company’s business model is to create a fully integrated, ecologically clean Bitcoin platform by utilizing cost-effective, reliable, and sustainable energy from nuclear, hydro, and solar sources.
Gwyneth Paltrow Investments in Companies and Stocks
Gwyneth Paltrow, Cameron Diaz, and Drew Barrymore are among the celebrities who have invested in the telehealth firm Evernow, which has acquired $28.5 million in fundraising.
Evernow is a platform that connects women in menopause and perimenopause with clinicians and prescription medications.
The global market for menopause-related products was estimated at $14.7 billion in 2020, according to Grand View Research, and is predicted to rise at a compound annual growth rate of 5.7 percent through 2028. (money.usnews)
This company’s website provides access to FDA-approved hormone therapy like estrogen tablets and patches, as well as a variety of support services. Evernow’s subscription options range from $75 to $129 per month, depending on the prescription of the user.
OLIPOP was founded by beverage entrepreneurs Ben Goodwin and David Lester in 2018 with the goal of creating a functional soda with a familiar and delightful taste as well as microbiota and digestive health advantages. The company has disrupted the traditional soda industry in just three years, garnering global appreciation for its delectable, nostalgia-infused tastes and innovative gut-friendly formulation. (globenewswire)
A global pandemic isn’t usually the best setting for a business launch. The COVID-19 dilemma, however, has highlighted the need for new and diverse mental-health treatments for entrepreneur Ariela Safira and therapy business Real. Furthermore, Real announced the completion of a $6 million round of fundraising headed by Forerunner Ventures and Gwyneth Paltrow. (Fortune)
Saie, Laney Crowell’s clean beauty line, has received a seed round and now has Gwyneth Paltrow as an investor.
The brand, which debuted exclusively on Paltrow’s lifestyle site Goop in 2019, recently released an illuminating product that ‘looks beautiful on Zoom calls’ and has begun creating hand sanitizer, which it includes with every transaction for free.
While make-up sales are stagnant, clean beauty is on the rise, and Paltrow and Unilever Ventures, no doubt, see potential in this adaptable brand. Saie, for one, is investing heavily in the fall launch of its first cosmetics line, which was developed in partnership with its social media followers.
Cloud Paper, a Seattle-based manufacturer of tree-free toilet paper, has raised $3 million in a seed fundraising.
Additionally, Cloud Paper claims it has gained thousands of US households months after the coronavirus outbreak began when Americans emptied store shelves of essential items. The one-and-a-half-year-old company has witnessed an 800 percent spike in signups for their bamboo-based toilet tissue that is sent directly to customers’ homes. (Geekwire)
Are the Claims About Gwyneth Paltrow True?
Gwyneth Paltrow is one of several investors in TeraWulf, a green Bitcoin miner that recently announced a $200 million debt and equity investment round.
Paltrow’s investment in TeraWulf is not her first excursion into the crypto market; she has previously worked with crypto assets.
Goop, Paltrow’s “conversation-changing lifestyle brand” and news site Goop.com published an article on “how to understand—and invest—in cryptocurrencies” towards the end of August. Paltrow discussed the topic with Sophie Wiberg Holm, a cryptocurrency specialist, and entrepreneur. “The fast-changing world of digital currency, how NFTs function, and the long-term real benefits of investing in cryptocurrencies.”
As the significance of non-fungible tokens (NFTs) in content creation and fan engagement grows, cryptocurrency payments such as MoonPay have indeed secured $87 million from more than 60 high-profile investors, including Gwyneth Paltrow.
Gwyneth Paltrow, Co-Founder of Kinship Ventures, said that Web3 is pushing the entertainment business, and commerce in general, to reimagine the way they form community, connect with fans, develop value, and manage intellectual property. She said that they’re delighted to invest in MoonPay because they believe their technology will make cryptocurrency participation more accessible.
Ms. Gwyneth Paltrow is the founder of Goop and serves as its CEO, Chief Creative Officer, and Board Member. She has won the Golden Globe Award for Best Actress and the Academy Award for Best Actress.
Furthermore, she has invested in various companies, exchanges, and cryptocurrencies. The best ones include MoonPay which makes purchasing apes and crypto easier for celebs and TeraWulf. This platform aims to build a fully integrated, environmentally friendly Bitcoin platform by employing cost-effective, dependable, and sustainable energy sources such as nuclear, hydro, and solar.
Her other normal investments include Evernow, which is a platform that connects women in menopause and perimenopause with clinicians and prescription medications. Cloud Paper, a Seattle-based manufacturer of bamboo-based toilet paper, Saie, a make-up manufacturer, and Real which provides free mental-health treatments for individuals.
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