The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital and gave Blockchain.com a $5.2 billion valuation.
London-based cryptocurrency services provider Blockchain.com has raised $300 million in a new investment round that valued the firm at $5.2 billion — up from a $3 billion valuation just one month ago.The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital, and is the crypto industry’s third-largest capital raise to date. The sum is equal to that raised in a single round by Bakkt in March 2020, trailing only behind BlockFi’s $350 million earlier this year and Bitmain Technologies’ $400 million back in 2018.Just one month ago, Blockchain.com raised $120 million at a subsequently reported valuation of $3 billion. The Wall Street Journal notes that while capital raising in the crypto space declined from a total of $4.5 billion in 2018 to $2.7 billion by 2020,
Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by…
