{"id":62551,"date":"2022-06-07T11:09:10","date_gmt":"2022-06-07T08:09:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62551"},"modified":"2025-09-05T18:46:06","modified_gmt":"2025-09-05T15:46:06","slug":"media-investors-trim-blockfi-valuation-from-5-billion-to-1-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-investors-trim-blockfi-valuation-from-5-billion-to-1-billion\/","title":{"rendered":"Media: Investors trim BlockFi valuation from $5 billion to $1 billion."},"content":{"rendered":"

The crypto lending platform BlockFi is preparing to close a new funding round at a $1 billion valuation. The Block<\/a> reports, citing informed sources.<\/p>\n

<\/p>\n

Founded in 2017, the centralized platform allows investors to borrow funds secured by their own crypto assets, as well as earn passive income on lent coins.<\/p>\n

In 2021, the firm raised $350 million<\/a> in a Series D round at a $3 billion valuation. At the time, BlockFi was showing strong growth metrics: monthly turnover of more than $15 billion and over 225,000 users, including institutional clients.<\/p>\n

A few months later it emerged that the company was in talks<\/a> with investors to raise funds in a Series E round at a valuation of around $5 billion.<\/p>\n

According to The Block’s sources, the new round will be led by Bain Capital Ventures. Other participants include: DST and Valar.<\/p>\n

In July 2021, BlockFi faced state-level regulatory claims. The New Jersey Bureau of Securities forbade<\/a> the company from opening new BIA accounts for its residents.<\/p>\n

Subsequently, the Alabama regulator alleged<\/a> the company of selling unregistered securities. Soon it emerged<\/a> that BlockFi was being investigated in Vermont.<\/p>\n

In February, Bloomberg reported that BlockFi would pay a $100 million fine<\/a> to U.S. regulators.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto lending platform BlockFi is preparing to close a new funding round at a $1 billion valuation.<\/p>\n","protected":false},"author":1,"featured_media":62552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1436,1133],"class_list":["post-62551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockfi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62551"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62551\/revisions"}],"predecessor-version":[{"id":62553,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62551\/revisions\/62553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62552"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}