Last Updated on June 10, 2021 by Jason
BlockFi is attempting to raise enough to get a valuation of $5 billion. The tech publication based in Silicon Valley says that they are being helped by Hedosophia and Third Point Management to go another round of fundraising. This round will include some existing investors.
In Series D, $350 million was raised, valuing the firm at $3 billion. Series C saw an increase of $50 million. The effort reflect Circle’s success of raising $440 million in their own round. BlockFi experienced a faux pas recently when it handed out huge sums of Bitcoin to its users.