HOLY CRYPTOCURRENCY!! Welcome to the new reality, bitcoin (digital currency) doubters. Coinbase, an “established” website where you can buy, sell and store cryptocurrencies, may be raising capital at a staggering $1 BILLION valuation, placing it squarely into unicorn territory. Needless to say that would be the biggest EVER for a bitcoin company. Nice. The future is looking good.
“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…”