Crypto firm Blockchain.com raises $300 million, valued at $5.2 billion

The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satochi bitcoin and blockchain shop in Zurich, Switzerland March 4, 2021. REUTERS/Arnd Wiegmann

(This March 24 story corrects second paragraph to show that funding was led by DST Global partners and not DST Global itself)

LONDON (Reuters) – Cryptocurrency firm Blockchain.com said on Wednesday it had raised $300 million in its latest funding round at a valuation of $5.2 billion.

The round was led by partners of DST Global, Lightspeed Venture Partners and VY Capital, the London-based company said.

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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