Blockchain.com has raised $300 million in a funding round that valued the company at $5.2 billion, 73% more than the company was deemed worth only a month ago, according to a published report.
- The investment into the London-headquartered firm was led by DST Global, Lightspeed Venture Partners and VY Capital, the Wall Street Journal reported Wednesday.
- The news comes a month after the raising of $120 million in a round led by Google Ventures. In that round the company was valued at $3 billion.
- The deal is a sign that venture capital firms are once again diving into the crypto space, the report noted.
- Blockchain.com offers wallets, trading and numerous other crypto-related services to its 31 million customers.
- The company claims to have have over 70 million wallets across over 200 different countries.
See also: Blockchain.com Crypto Wallet Outage Affects ‘Large Number’ of Users
Related Stories
- Bitcoin vs. Penny Stocks: How Do They Compare?
- Abra Jumps Into the Crypto Borrowing and Lending Business, Questions Inflation Reports
- Market Wrap: ‘Elon Candle’ Effect Fades Quickly as Bitcoin Retreats Below $55K
- Microsoft President Says Fintech Firms Should Leave Digital Currencies to Governments
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
