Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells

Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells
фото показано с : news.bitcoin.com

2021-2-18 20:00

On Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round. Blockchain.com says the financing comes at a momentous occasion, as the firm’s wallets have seen 65 million created to-date in over 200 countries.

London Firm Blockchain.com Raises $120 Million from Macro Investors

Blockchain.com is a popular cryptocurrency company that has been around since 2012. On February 17, 2021, the company’s cofounder and CEO, Peter Smith, revealed Blockchain.com has raised $120 million from a number of macro investors.

Smith also recalled how the company raised money in 2014 and they only had around two million wallets issued at the time.

“Six years later, we’ve come a long way,” Smith wrote on Wednesday. “Bitcoin just crossed the monumental price target of $50k. Over 65 million wallets have been created in 200+ countries. And 28% of all bitcoin transactions since 2012 have occurred via Blockchain.com, representing billions in transaction volume,” the cofounder added.

According to Blockchain.com’s announcement, investors who participated in the company’s strategic financing round include firms like Lakestar, Eldridge, Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Lightspeed Venture Partners, and GV (Google Ventures).

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Blockchain.com’s Institutional Markets Business Sees Significant Growth

Smith further says that Blockchain.com’s Institutional Markets business is swelling from growth. That part of the business is “significant enough to cover the entire operating cost of the business globally while also delivering additional operating profits,” he added.

The pandemic has also added an “unprecedented level of distrust in traditional financial institutions,” which has spurred demand. The London-based company sees a fundamental shift coming when it comes to commerce, investments, and global communications. Blockchain.com’s cofounder stressed that he “couldn’t be more optimistic about the future.”

“Paradigm shifts like crypto can feel to the world as though they happened overnight— but for those of us working day in and day out to build technology and innovation in crypto, this has been a long time coming,” Smith insisted.

The Blockchain.com CEO said to him, cryptocurrencies seem like the “real Robin Hood of finance,” and he highlighted how a number of well known firms are adding BTC to their balance sheets.

“Our mission is to empower anyone anywhere to control their money and we’re just getting started,” Smith concluded during the fundraising announcement. “What I’m most excited about hasn’t happened yet,” he added.

What do you think about Blockchain.com raising $120 million in a strategic financing round? Let us know what you think about this subject in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0910131 (-100%)

blockchain round strategic firm financing 120 million

blockchain round → Результатов: 126


Biconomy raises seed round of $1.5M to enable developers to simplify Web3 experience

Biconomy, a platform that empowers blockchain developers to provide a simplified onboarding and transaction experience for their Web3 projects, today announced it has secured $1. 5 million in a seed funding round led by Eden Block, a research-led European VC, with participation from 8 other investors including Fenbushi Capital, Binance and DACM to continue its mission […] CryptoNinjas » Biconomy raises seed round of $1.

2021-1-11 20:09


Фото:

Razor Network Raises $3.7 Million in Private Funding to Build “Truly Decentralized” Oracle Solution

Decentralized Oracle platform Razor Network has successfully raised a total of $3. 7 million in their seed and private sales round.   The funding rounds were led by prominent investors in the blockchain world, including NGC Ventures, Alameda Research, Borderless Capital, IOSG Ventures, Origin Capital, Bixin Ventures, Spark Digital Capital, BTC12 Capital, ZMT capital, Kosmos Ventures, OneRead MoreRead More.

2020-11-5 17:06


Фото:

CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round

Press Release: The Corion and Syscoin non-profit foundations have announced a partnership to address blockchain market interoperability issues and accelerate stablecoin adoption. The CorionX IEO third round started on the 5th October, 2020   6th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation.

2020-10-9 16:00


Crypto investment company KR1 invests in Moonbeam Network

KR1, a cryptocurrency and blockchain asset investment company, today announced that it has invested a total of USD $100,000 in the Moonbeam Network project. KR1 took part in Moonbeam’s seed funding round alongside Hypersphere Capital and HashKey Group and will receive a yet-to-be-determined amount of Glimmer (GLMR) tokens that will power Moonbeam’s blockchain.

2020-10-2 20:57


Data Gumbo gets $4M Series B funding to grow GumboNet blockchain

Data Gumbo, creators of an industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of […] CryptoNinjas » Data Gumbo gets $4M Series B funding to grow GumboNet blockchain

2020-9-25 22:38


Cryptocurrency Focused Insurer, Evertas, Raises A $2.8 Million Seed Round Led by Morgan Creek

Chicago based Evertas insurance has raised $2.8Million in a recent seed round. The insurance company, formerly known as BlockRe, was founded in 2017 by current CEO J Gdanski. They have zeroed in on the crypto realm, helping their clients reduce exposure to crypto-related risks offering expertise in insurance, Blockchain, investigation, and financial audits. The seed […]

2020-7-15 22:29


Фото:

U.S. Authorities Mull Using DLT to Ease Delivery of Stimulus Checks 

The White House and congressional leaders are putting preparations in top gear to dish out another round of COVID-19 stimulus money to citizens in the coming weeks. Some politicians, including Congressman Tom Emmer, has urged the authorities to tap blockchain technology to ensure more frictionless stimulus package disbursement to the unbanked as well as thoseRead MoreRead More.

2020-6-15 17:07