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Crypto firm Blockchain.com raises US$300 million, valued at US$5.2 billion

Crypto firm Blockchain.com raises US$300 million, valued at US$5.2 billion

The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satochi bitcoin and blockchain shop in Zurich, Switzerland March 4, 2021. REUTERS/Arnd Wiegmann

LONDON: Cryptocurrency firm Blockchain.com said on Wednesday it had raised US$300 million in its latest funding round at a valuation of US$5.2 billion.

The round was led by DST Global, Lightspeed Venture Partners and VY Capital, the London-based company said

Blockchain.com offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors.

Bitcoin soared to a record just shy of US$62,000 this month as mainstream firms and investors increasingly embrace cryptocurrencies, leading to ballooning valuations of related companies.

Blockchain.com said last month it raised about US$120 million, with investments from Alphabet Inc's venture capital unit.

(Reporting by Tom Wilson; Editing by Edmund Blair)

Source: Reuters

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