Bitcoin Infrastructure Firm Blockstream Seeks Fresh Funds at 70% Lower Valuation Than in 2021

The Bitcoin-focused development and infrastructure firm Blockstream is seeking fresh funds at a valuation that “may be below $1 billion,” or about 70% lower than its most recent funding round in 2021, according to a Bloomberg report. Blockstream’s valuation has likely been impacted by the collapse of crypto exchange FTX, as well as the generally bearish sentiment in the bitcoin and crypto markets, the report said, citing “people familiar with the matter.”... Read More: Bitcoin Infrastructure Firm Blockstream Seeks Fresh Funds at 70% Lower Valuation Than in 2021