NewsletterBreaking: Blockfi Raises $350M in Series D Funding Round; Total Valuation Exceeds $3 Billion
Blockfi, the crypto payment and bitcoin lending startup that bridges the gap between traditional finance and crypto has raised $350 million in a Series D funding round, taking their valuation over $3 billion. The funding round was lead by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.
The crypto payment processor was valued at $450 million after the completion of the Series C funding round where it raised USD 50 million.
Zac Prince, CEO, and co-founder of BlockFi said,
our growth, the size of the industry, and as a result, the size of businesses that can be built in this industry. If you look at some of the constituents in the round, it’s a testament to increasing institutional adoption, and participation in the crypto ecosystem or crypto as an asset class by very high-quality and sophisticated institutional investors.
Crypto Companies Rises in Valuation
The rise in cryptocurrencies price this bull season along with growing demand from institutions and retail traders alike has propelled it to the mainstream. Amid the growing adoption of cryptocurrencies, the valuation of crypto companies has seen a significant rise as well, where the likes of Coinbase, Bakkt, and many other mining companies are set to make their public debut. The Coinbase crypto exchange has a pre-market valuation of $100 billion.
Many other crypto companies might join the growing trend of going public this year and their rising valuation and growing investment is proof of the mainstream market showing acceptance for these digital asset companies.
The growing demand for cryptocurrencies related products and services has not just helped crypto service providers to gain traction among mainstream financial giants, it has also forced traditional financial companies to start offering crypto services to meet growing clients’ demands. Many wall street hedge funds and commercial banks are actively looking to gain exposure to Bitcoin and Bitcoin-related products.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Franklin Solana ETF Set to Begin Trading Amid NYSE Arca Listing Approval
- Breaking: US SEC Deliberates on Approving FLEX Options on BlackRock Bitcoin ETF (IBIT)
- Crypto ETF Update: SEC Blocks 3x and 5x ETF Filings, Calls for Major Changes or Withdrawal
- Strategy CEO Says Bitcoin Sales Unlikely Before 2029 After Creating $1.44B Dividend Reserves
- Trump Sets Early 2026 Timeline for New Fed Chair Pick
- Litecoin Price Jumps 10% as Vanguard Opens LTCC Access — How High Can LTC Go?
- Pepe Coin Jumps 14% on Double Bottom Signal Amid Market Recovery — Is a 50% Rally in Sight?
- Hedera Price Surges 10% After Canary Capital HBAR ETF Goes Live on Vanguard
- Bitcoin Price: What’s Next For BTC After Fed Chair Jerome Powell’s Speech?
- XRP Price Slowly Forms a Rare Pattern as Ripple ETFs Near $1B Milestone
- Chainlink Price Eyes More Recovery After Grayscale’s Spot ETF Launch
