BlockFi Set to Increase Valuation to Almost $5B Through New Fundraising

Meanwhile, Blockdaemon, the leading independent blockchain infrastructure platform, raises $28 million in Series A funding, backed by BlockFi.

article-image

BlockFi’s Flori Marquez, Co-Founder and SVP of Operations, and Zac Prince, CEO and Co-Founder

share

key takeaways

  • BlockFi previously announced funding in March with a valuation of $3 billion
  • Blockchain platform Blockdaemon, which is backed by BlockFi, closed $28 million Series A funding round

BlockFi, a wealth management and trading firm for cryptocurrency holders, is in talks to raise a new Series E funding round of $500 million, bringing the company total valuation to nearly $5 billion. 

The updated funding comes a few months after BlockFi announced in March that it closed on a large $350 million Series D funding that valued the company at $3 billion. BlockFi’s new projected valuation is $5 billion, about 66.7% higher than the March valuation. 

The New York City-based startup is in late-stage talks with new and existing investors to the capital, according to two people familiar with the deal talks, The Information reported on June 8. 

Separately, BlockFi invested in Blockdaemon, the leading independent blockchain infrastructure platform, which announced on June 8 that it closed a $28 million Series A funding round. Funding for Blockdaemon was led by venture capital company Greenspring Associates with participation from Goldman Sachs and BlockFi, to name a few. 

Loading Tweet..

“Blockchain is a key driver of innovation in the financial services industry and Blockdaemon is powering its infrastructure. We are excited to join them as they continue to provide institutional-grade blockchain technology to all that want to leverage it,” said Oli Harris, North America head of digital assets at Goldman Sachs.

According to the press release, Blockdaemon has averaged more than $5 billion in staked assets and is on track to have upwards of $50 billion by year end.

“This funding represents a significant milestone for Blockdaemon. With investment from industry leading financial technology providers and VC firms, this round will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions,” said CEO and Founder of Blockdaemon Konstantin Richter. 

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Pipe Network is a decentralized content delivery network (dCDN) that replaces the sparse, capital intensive data center footprint of traditional CDNs with a permissionless mesh of independent node operators. By orchestrating under-utilized resources that already exist at the edge, rather than purchasing or leasing thousands of servers, Pipe slashes capital intensity while letting supply expand autonomously in the places where bandwidth is scarcest and most expensive.

article-image

ETH’s “breakout marks a significant structural shift and clears the path towards…$4,000,” Kraken’s OTC desk noted

article-image

Fiscal dominance isn’t about interest rates and it isn’t about Trump, either

article-image

Firestarter Storage brings decentralized storage and delivery to Solana

article-image

After lengthy closing arguments on Wednesday, the case is now in the hands of 12 jurors

article-image

Analysts cite weak trading volume and regulatory progress as factors

article-image

Builders weigh in on Ethereum’s first decade and the decisions that will define its next one