Big Money Moves in the Crypto World
In a jaw-dropping series of transactions, BlockFi has reeled in a whopping $350 million during its Series D funding round, led by heavyweights like Bain Capital Ventures, Pomp Investments, Tiger Global, and partners of DST Global. This announcement made waves on March 11, reminding everyone that there’s never a dull moment in the crypto landscape.
Valuation and Future Prospects
Thanks to this fresh influx of cash, combined with $100 million raised in previous funding escapades over the last two years, BlockFi has skyrocketed to an impressive valuation of $3 billion. Why is this significant? Well, according to BlockFi’s co-founder and CEO, Zac Prince, the company is eyeing exciting expansions on the horizon. Plans are in motion for innovative offerings, including a Bitcoin rewards credit card and a Bitcoin trust.
Words from the Wise
“In less than six months since we completed our Series C, Bitcoin and other digital assets have assumed a central role in many investors’ portfolios and in broader financial markets,
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