Blockchain.com May Raise Money at Significant Discount to Previous Valuation: Bloomberg

The company was valued at $14 billion in a funding round earlier this year, but may only fetch $3 billion to $4 billion, the publication reported.

By Nick Baker

Oct 26, 2022 at 9:58 p.m. UTC

Updated Oct 26, 2022 at 10:18 p.m. UTC

Blockchain.com founder and CEO Peter Smith (Blockchain.com)

Nick Baker

Nick Baker is CoinDesk's deputy editor-in-chief. He owns small amounts of BTC and ETH.

Follow @inkbacker on Twitter

Blockchain.com, the cryptocurrency financial-services company that was valued at $14 billion when raising capital early this year, might only fetch $3 billion to $4 billion in a new funding round, Bloomberg reported, citing sources it didn't identify.

Nothing has been locked down and talks to raise money are still preliminary, Bloomberg said.

Read more about

Funding Rounds Blockchain.com

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.