fbpx
Skip to content Skip to sidebar Skip to footer

Blockstream Achieves Unicorn Status at $3.2 Billion Valuation

Canada-based Blockstream has joined the ranks of crypto unicorns as its latest valuation reached $3.2 biliion.

Blockchain raised $210 million in its most recent financing round, participated by Twitter CEO Jack Dorsey, Baillie Gifford, and iFinex.

In regards to Blockstream’s recently acquired unicorn status, Baillie Gifford tips their hat to the firm’s founders and management team. The UK-based private equity firm believes that Blockstream’s settlement network for Bitcoin-based assets and securities could transform how the capital markets are designed and operated.

Samson Mow, the chief strategy officer of Blockstream, has reportedly said that the investment will help fund the company’s continuous growth and the expansion of its mining operations. The firm has acquired Spondoolies — an ASIC maker — not too long ago, and the company plans to develop its own ASIC miner for its own use and to sell on the retail market around 2022.

Blockstream will continuously raise more capital in the coming months in order to expand its variety of initiatives. These include the launch of the Blockstream Satellite network and the Blockstream Energy service. The former broadcasts the Bitcoin blockchain globally at all times, while the latter enables energy producers to sell surplus electricity to proof-of-work miners.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us