Crypto Infrastructure Firm Blockstream Seeks to Raise Funds at 70% Lower Valuation: Bloomberg

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CoinDesk 3 mo ago

Crypto Infrastructure Firm Blockstream Seeks to Raise Funds at 70% Lower Valuation: Bloomberg - CoinDesk

Quick Summary:

The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021.

Samson Mow, the ex-chief strategy officer at Blockstream, had raised $21 million for his new Bitcoin startup JAN3 at a $100 million valuation.UPDATE (Dec.7, 08:33 UTC): Adds tweet from Adam Back in the fourth para.

Crypto infrastructure firm Blockstream is looking to raise funds at a valuation which may be under $1 billion, according to a Bloomberg report, citing sources.