London-based cryptocurrency services provider Blockchain.com has raised $300 million in a new investment round that valued the firm at $5.2 billion — up from a $3 billion valuation just one month ago.
The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital, and is the crypto industry's third-largest capital raise to date. The sum is equal to that raised in a single round by Bakkt in March 2020, trailing only behind BlockFi's $350 million earlier this year and Bitmain Technologies' $400 million back in 2018.