Bitcoin Firm Blockchain.com Raises $120 Million in Strategic Funding Round

Bitcoin wallet and data provider Blockchain.com has raised $120 million in a strategic funding round led by macro investors. They include investment firm Moore Strategic Ventures, hedge fund manager Kyle Bass, venture capital firms Access Industries and Lightspeed Ventures.

Blockchain.com is a London-based company specialising in providing Bitcoin wallets and data. It was previously known as Blockchain.info and raised a Series A in 2014. The firm claims that 28% of all Bitcoin transactions since 2012 have occured via its wallets.

"What excites me most about this moment is the immense optimism about cryptocurrency from serious, institutional investors," said Blockchain.com CEO Peter Smith, adding, "In fact, the current bull run is dominated by stories of Fortune 500 companies, investment funds, and institutions driving net inflows into crypto."

Smith added that the fundraise is further proof that institutions are taking a good hard look at their investing strategy and paying attention to the Bitcoin world. He explained that Blockchain.com's institutional markets business is rapidly growing and now covers the operating cost of the entire business.