Law360 (March 11, 2021, 5:52 PM EST) — Cryptocurrency and financial services company BlockFi said Thursday it raised $350 million from private investors in a funding round that values the company at $3 billion.
New Jersey-headquartered BlockFi said the funds will go toward product development, expanding into new markets and for acquisitions. BlockFi’s services currently include buying and selling digital assets and originating U.S.-dollar loans that are secured by digital assets, according to its website.
The company said it currently boasts more than $50 million in monthly revenue and more than $15 billion in assets on its platform. BlockFi also recently announced initiatives such as a mobile app, a…
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