BlockFi Plans to Raise $100M at a Lower $1B Valuation - BitcoinEthereumNews.com
TeknolohiyaPlano ng BlockFi na Magtaas ng $100M sa Mas mababang $1B na Pagpapahalaga06 / 09 / 2022Balita ng Ethereum ng Bitcoin Crypto lending platform BlockFi is planing to raise new funding at a depressed $1 billion valuation, Bloomberg iniulat Miyerkules, binabanggit ang mga taong may kaalaman sa usapin. Recall that in March 2021, the company was nagkakahalaga ng $ 3 bilyon following $350 million raised in a Series D round. BlockFi Plans to Raise $100M According to the report, the firm may raise around $100 million in its planed fundraiser. However, the actual amount it will secure in the funding is yet to be determined. Investors expected to participate in the round include Bain Capital Ventures, DST Global, Castle Island Ventures, and Peter Thiels Valar Ventures. The reduced valuation comes at a time when the crypto market is going through a new phase of turbulence. The total market capitalization dropped from nearly $3 trillion in November to around $1.2 trillion. The rumored raise also follows BlockFis regulatory challenges with United States regulators. In February, BlockFi agreed to pay a $ 100 milyong multa to the U.S. Securities and Exchange Commission (SEC), and 32 states. The SEC charged the company for failing to register its lending product dubbed