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

Bitcoin wallet maker Blockchain.com has raised $120 million from macro investors and venture capital firms.

1 min read

Feb 17, 2021

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."

A snapshot of Blockchain.com's website. Image: Shutterstock.

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.

Get crypto news straight to your inbox--

sign up for the Decrypt Daily below. (It’s free).

Get Email!

Know Your Missiles: Russia’s Experimental Hypersonic Missile Is A New Kind of Killing Machine

Whether it was a long-range Intercontinental Ballistic Missile, as originally feared, or an experimental intermediate-range hypersonic missile, as now believed, Russia’s war with Ukraine took yet another step toward fears of nuclear escalation on Wednesday. The Russian missile strike on the Ukrainian city of Dnipro appeared to be in retaliation for missile attacks on Russia Tuesday after the Biden Administration authorized Ukraine to use long-range American-made Army Tactical Missile Systems (AT...

Charles Schwab Mulls Crypto Trading, Incoming CEO 'Feels Silly' for Not Buying In

Charles Schwab plans to enter the spot crypto market once U.S. regulations provide clearer pathways, incoming CEO Rick Wurster said Thursday. Wurster emphasized the firm’s readiness to expand its offerings to clients once regulatory conditions improve, he said during an interview with Bloomberg Radio. “We will get into spot crypto when the regulatory environment changes,” Wurster said, who is set to take over as CEO in January. He added that the firm anticipates favorable changes under the incom...

Bitcoin Meme Coins Surge as BTC Rises Towards $100K

Bitcoin-based meme coins are seeing renewed interest amid the asset’s record-setting climb, lifting the price of various Runes tokens launched alongside the protocol’s debut this year. Over the past week, the price of DOG•GO•TO•THE•MOON (DOG) has increased 98%, rising to $0.0078 Thursday, according to Magic Eden. With a market capitalization of around $767 million, the asset is among the most widely adopted Runes, with over 95,000 different holders. Developed by the creator of Ordinals, Casey R...

News

Courses

Deep Dives

Coins

Videos