Crypto company Blockchain.com raises $ 300 million, worth $ 5.2 billion

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

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

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

Blockchain.com offers digital wallets for storing cryptocurrencies as well as retail trading and other services for larger investors.

Bitcoin climbed to a record shy of $ 62,000 this month as mainstream companies and investors increasingly embrace cryptocurrencies, leading to ballooning valuations of related companies.

Blockchain.com said last month that it raised about $ 120 million, with investments from venture capital unit Alphabet Inc.

Reporting by Tom Wilson; Edited by Edmund Blair

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