Ledger Nano S

Ledger Nano S - The secure hardware wallet

Monday, June 5, 2017

Bitcoin start-up Coinbase is looking to raise money at a $1 billion valuation, says report

Bitcoin start-up Coinbase is looking to raise money at a $1 billion valuation, says report

Coinbase, a website for buying, selling and storing bitcoin and other cryptocurrencies, is talking to investors about raising money at a $1 billion valuation, The Wall Street Journal reports, citing people familiar with the situation.

The funding round isn't set, but the company is looking to raise around $100 million, which would be the biggest ever for a bitcoin company, the Journal said.

To date, Coinbase has raised about $116.5 million from investors including Andreessen Horowitz, Union Square Venture and DFJ, as well as a number of banks and the NYSE, the paper reported.

Cryptocurrency is capturing the attention of a larger set of investors as prices skyrocket. Bitcoin has jumped about 150 percent this year to $2,445.20 on Friday. Ethereum, a newer digital currency, has surged 26-fold in 2017 to $218.

Full story at http://cnb.cx/2qP3g3m

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.