Blockchain.com Valued at USD 5.2B As It Raises USD 300M

Bitcoin Investments M&A
Journalist
Journalist
Sead Fadilpašić
About Author

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Last updated: 
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

London-based major crypto firm Blockchain.com raised USD 300m in an investment round that gave the company a USD 5.2bn valuation.

Source: Adobe / prima91

In a March 24 announcement on the company’s website, CEO Peter Smith said that their Series C round was led by partners of DST Global, Lightspeed Venture Partners, and VY Capital, as well as with participation from other existing and leading investors from across the world.

This round follows the USD 120m strategic growth round announced in mid-February, which was led by a number of macro investors. The company said that the new partners “who have experience in supporting companies during times of hyper growth — are the perfect complement to our recent addition of some of the best macro investors like Louis Bacon and Kyle Bass.”

Smith added that over 31m verified users from over 200 countries use the company’s products, while they’ve also seen a 3x increase in active users over the past 12 months. Furthermore, Blockchain.com is “highly profitable across each of our business lines,” it added, having surpassed all of 2020 contribution margin in the first 2 months of 2021.

Blockchain.com plans to “aggressively expand” the products they offer, Smith said, as well as grow their global team and pursue M&A opportunities.

Per The Wall Street Journal, this deal “highlights venture capital’s growing willingness to jump back into the bitcoin frenzy.”

____

Learn more:
Blockchain.com Aims At 1B Wallets by 2030; Some Doubt Their Numbers
BlockFi Valued at USD 3B Following USD 350M Round
Mitsubishi, Banking & Telecom Giants Invest USD 62M in DeCurret
Grayscale Eyes Altcoins Amid Increasing Competition For Bitcoin Investments
Bitcoin Snowball Is Expected To Hit More Institutions in 2021
Ruffer Reveals Why They Poured GBP 550M in ‘Non-Sensical’ ‘Beast’ Bitcoin
___
(Updated at 17:18 UTC with a video.)

Logo

Why Trust Cryptonews

2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors
editors
+ 66 More

Best Crypto ICOs

Discover trending tokens still in presale — early-stage picks with potential

Explore Our Tools

Smart tools made for everyday crypto users

Market Overview

  • 7d
  • 1m
  • 1y
Market Cap
$3,396,725,374,083
-5.48
Trending Crypto

More Articles

Press Releases
Toobit Enhances Spot Trading Experience with New Price Precision Adjustment Feature
2025-06-17 14:38:34
Blockchain News
a16z Invests $70 Million in EigenLayer, EigenCloud Revealed
Sead Fadilpašić
Sead Fadilpašić
2025-06-17 14:16:28
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors