Crypto firm Fireblocks raises $550 million, company valued at $8 billion


FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic//File Photo

NEW YORK (Reuters) - Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years.

The latest investment valued the company at $8 billion.

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