{"id":44016,"date":"2021-06-09T11:48:16","date_gmt":"2021-06-09T08:48:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44016"},"modified":"2025-08-31T15:04:38","modified_gmt":"2025-08-31T12:04:38","slug":"blockfi-in-talks-to-raise-funding-at-a-5-billion-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockfi-in-talks-to-raise-funding-at-a-5-billion-valuation\/","title":{"rendered":"BlockFi in talks to raise funding at a $5 billion valuation"},"content":{"rendered":"

BlockFi, a crypto-lending platform, is in talks with investors to raise funds at a valuation around $5 billion. The Information<\/a> reports, citing sources familiar with the discussions.<\/p>\n

The Series E financing round will be led by Dan Loeb’s hedge fund Third Point and London’s venture firm Hedosophia. New and existing investors in BlockFi will also participate in the deal.<\/p>\n

A source for the publication noted that the funding round is not yet closed, so the valuation could rise. According to The Block<\/a>, the platform is preparing to raise $500 million at a pre-money valuation of $4.75 billion.<\/p>\n

In March, Loeb wrote that he has been studying cryptocurrencies of late. The investor described it as \u201ca real test of being intellectually open to new and controversial ideas.\u201d<\/p>\n

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I\u2019ve been doing a deep dive into crypto lately. It is a real test of being intellectually open to new and controversial ideas. Culturally I compare bridging the crypto world with the old as akin to finding a portal @chbetween two distinct worlds in the multiverse. https:\/\/t.co\/LqWwfIxOyd<\/a><\/p>\n

\u2014 Daniel S. Loeb (@DanielSLoeb1) March 1, 2021<\/a><\/p><\/blockquote>\n