The value of Blockchain.com surges to $5.2 billion

Photo: EPA

The crypto currency company Blockchain.com announced it had raised a further amount of $300 million in its latest round of funding, putting the firm’s market valuation at $5.2bn. The round of financing was led by DST Global, Reuters reported.

Blockchain.com offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors. Bitcoin soared to a record just shy of $62,000 this month as mainstream firms and investors increasingly embrace cryptocurrencies, leading to ballooning valuations of related companies. Blockchain.com said last month it raised about $120 million, with investments from Alphabet Inc’s venture capital unit.

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