Blockchain.com raises $120 million funding for strategic growth

Blockchain.com, a cryptocurrency blockchain explorer service, as well as a cryptocurrency wallet and a cryptocurrency exchange, announced that it has closed on a strategic financing round, securing $120M from some of the world's leading macro investors. 

According to Blockchain.com's announcement, 28% of all Bitcoin transactions since 2012 have occurred via Blockchain.com, representing billions in transaction volume.

In the official announcement, the company's CEO Peter Smith mentioned that investors who participated in the company's strategic financing round include Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV (aka Google Ventures), Lakestar, Eldridge, and more.

Smith further said that the company's Institutional Markets business is growing exponentially. That part of the business is "significant enough to cover the entire operating cost of the business globally while also delivering additional operating profits," he added.