• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Saturday, June 3, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
blockchain2

Blockchain.com Value Reaches $5.2 Billion

The exponential success of Blockchain.com enabled its client base to triple in the last year.

by Annette DuBois, California Business Journal
A A
Share on FacebookShare on Twitter

One of the world’s biggest cryptocurrency wallets, Blockchain.com, recently announced a $300 million fundraising success, which has raised its valuation to an eye-watering $5.2 billion. This announcement, which will be seen as yet another win for cryptocurrency and its advocates, came on the same day as the news from Tesla founder Elon Musk that his electric car company will be accepting bitcoin as a payment method. This comes after Musk himself invested $1.5 billion in Bitcoin earlier this year. Tesla is not the first company to start accepting cryptocurrency as payment and certainly won’t be the last, particularly as this news is sure to drive the rise of cryptocurrency even further.

Blockchain.com is a digital wallet where users can buy, sell and hold various cryptocurrencies like Bitcoin, Ripple and Dogecoin, as well as simply view trends to keep up to date with the market. Blockchain.com’s name is taken from the network upon that all cryptocurrency transactions are recorded.

Founded in 2012, Blockchain.com is now part of a crowded field of wallets that include major names such as Paybis, PrimeXBT, Coinbase and Binance. Despite the ever-increasing level of competition, Blockchain.com has remained at the forefront of the industry. it claims to be over 25% of all Bitcoin transactions since its inception. The website’s homepage states that it is “The world’s most popular way to buy, hold and use crypto.” While some competitors may dispute this claim, the fact that they have been responsible for “over $620 billion in transactions – since 2013,” provides statistical evidence to back it up.

Such prosperity has even led to Blockchain.com creating its own cryptocurrency. The exponential success of Blockchain.com has enabled its client base to triple in the last year. It now boasts over 30 million users in over 200 million countries. Such astonishing numbers have inevitably led to investors taking an interest, hence the multibillion evaluation.

ADVERTISEMENT

blockchain (1)The $300 million cash injection, which led to the current valuation was the result of a combined fundraising effort from three private equity investors, VY Capital, DST global and Lightspeed Venture Partners. Smaller investments have also been acquired from a range of backers such as Richard Branson and Spotify investor, Lakestar.

While the reasons and strategies behind such a large combined investment have not been revealed, the fact that it has happened only one month since Blockchain.com managed to raise $120 million from other venture capitalists, when the site was valued at $3 billion, suggests that investors see a long term future in cryptocurrency.

After the announcement, Blockchain.com’s CEO and Founder Peter Smith stated that the business is “highly profitable across each of our business lines,” while financial reports from January and February have already overtaken the company’s 2020 totals. So, we can expect Blockchain.com to continue to grow and investors to continue to back it.

This news has inevitably a target on Blockchain.com with both users and observers keen to see what its next move will be. In regards to how the recently raised funds will be used, Smith said the company will use it to expand its product range, hire more staff around the world and look to acquire mergers and acquisitions.

Expect many more large investments of this nature as savvy investors look to take advantage of the rise of cryptocurrencies, which have seen an unprecedented rise over the last few years.

Related Posts

Blockchain Developing The Gaming Industry With Bitcoin
4 Ways In Which Blockchain Is Developing The Gaming Industry With Bitcoin
Hollywood-and-bitcoin
Bitcoin Usage In The Movie Industry
coins
Can Blockchain Technology Disrupt and Reshape the Gambling Industry?
Ethereum
Cryptocurrency Corner: So What Exactly Is Ethereum?
Bitcoin and government
Five Reasons Why The Government Does Not Like Bitcoin
Blockchain Gaming
How Blockchain and the Gaming Industry are Getting Along
Crypto Ecosystem Affects Business Environment3
How The Crypto Ecosystem Affects the Business Environment
blockchain (1)
How to Start a Career in Blockchain Development
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Golden Bitcoins Coins and dollar bills
Is It the Right Time to Invest in Crypto?
feat
THE BLOCKCHAIN SOLUTION FOR THE UNBANKED
bitcoin depot atm crop
The New Bitcoin ATM King of Los Angeles
Satoshi Nakamoto
The Original Bitcoin Protocol: What is It and Why Does It Matter?
bitcoin of america
The power of Bitcoin of America intensifies
PHOTO-2018-06-20-19-36-04
Virus Presents Business Opportunities “Not Previously Visible”
Cryptocurrency-and-Blockchain
What Cryptocurrency Can You Pay for Education?
bitcoin
What implications has Bitcoin had on Ghana's meat industry?
bitcoin2
What the average person needs to know about Bitcoin
blockchain security
With the demand for secured and decentralized ledgers, cryptocurrencies and blockchain technology continue to revolutionize the digital world

 

Tags: BitcoinBlockchain TechnologyCEOcryptocryptocurrenciescryptocurrencydevelopmentElon MuskequityFundsGamblinginvestmentinvestmentsinvestorinvestorsMergers and AcquisitionstechnologyTesla
ADVERTISEMENT
Annette DuBois, California Business Journal

Annette DuBois, California Business Journal

Related Posts

bitcoin
What implications has Bitcoin had on Ghana's meat industry?
blockchain security
With the demand for secured and decentralized ledgers, cryptocurrencies and blockchain technology continue to revolutionize the digital world
Blockchain Gaming
How Blockchain and the Gaming Industry are Getting Along
Blockchain Developing The Gaming Industry With Bitcoin
4 Ways In Which Blockchain Is Developing The Gaming Industry With Bitcoin
Ethereum
Cryptocurrency Corner: So What Exactly Is Ethereum?
Satoshi Nakamoto
The Original Bitcoin Protocol: What is It and Why Does It Matter?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Hollywood-and-bitcoin
Bitcoin Usage In The Movie Industry
Crypto Ecosystem Affects Business Environment3
How The Crypto Ecosystem Affects the Business Environment
Cryptocurrency-and-Blockchain
What Cryptocurrency Can You Pay for Education?
bitcoin of america
The power of Bitcoin of America intensifies
bitcoin2
What the average person needs to know about Bitcoin
blockchain (1)
How to Start a Career in Blockchain Development
Bitcoin and government
Five Reasons Why The Government Does Not Like Bitcoin
coins
Can Blockchain Technology Disrupt and Reshape the Gambling Industry?
Golden Bitcoins Coins and dollar bills
Is It the Right Time to Invest in Crypto?
PHOTO-2018-06-20-19-36-04
Virus Presents Business Opportunities “Not Previously Visible”
bitcoin depot atm crop
The New Bitcoin ATM King of Los Angeles
feat
THE BLOCKCHAIN SOLUTION FOR THE UNBANKED
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • More Truth About Temu: Is Temu A Chinese Company?

    The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • 30 Best Temu Alternative Apps To Buy from Online

    2 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0

Latest Articles

Gambling Guide for Crypto Slots Players

How to Create a Handwritten Signature for Electronic Signature

Initiating a Small Business? Check Odoo Solutions

Top-Notch E-Commerce Fulfilment Companies Serving Sweden

Savor The Sweet And Tangy With Raspberry Lemonade Strain

What You Need to Know About Prezzy Card Casinos: A Beginner’s Guide for New Zealanders

Image via Unsplash by sharonmccutcheon

5 Reasons To Invest in a Fixed Annuity

Understanding the Social Security Disability Special Examination: What to Expect

After Receiving a Criminal Traffic Ticket: When to Call an Attorney?

Source: Shutterstock

What are the Best Digital Marketing Diploma Courses for 2023?

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR