Blockchain.com, a crypto service provider in London, has managed to raise $300 million in its latest Series C funding round, putting the firm’s value at approximately $5.2 billion – more than $2 billion from its previous valuation just a month ago. Notably, VY Capital, Lightspeed Venture Partners, and DST Global led the firm’s investment round.
The company stated that the funding round was a huge success. Its supporters could now expect notable acquisitions sooner rather than later. According to the CEO Blockchain.com, Peter Smith, the firm plans to significantly upscale and expand its offered products using the recently received funding. Smith says that Blockchain.com also plans to establish further global teams and capitalize on M&A opportunities that it hopes to bring brand new ideas and products to the firm.
The CEO then added that if BTC continues to boom, as its trend currently implies, Blockchain.com’s 2021 profit could potentially reach a new all-time high – perhaps even to “mid-nine digits.” Such a development could elevate the company even further considering that it has already more than doubled its figures at the starting days of this year. According to the latest data provided by Blockchain.com, the company now caters to over 31 million official users from 200 countries and has more than 70 million listed digital wallets.