Crypto Blockstream Valuation Plummets 70%, Seeks Funds for Expansion

Prominent crypto infrastructure firm Blockstream is reportedly seeking to raise funds amid a strongly bearish market, experiencing a significant valuation cut. According to reports, the crypto infrastructure firm is seeking funds at a much lower valuation than earlier rounds. This comes after Blockstream was valued at $3.2 billion when it held its last Series B funding round, raising $210 million in August 2025. Today, that valuation may have fallen almost 70%.

Blockstream's Funding History and Current Situation

Blockstream raised $210 million in a Series B round led by Baillie Gifford and Bitfinex in August 2025, which brought its valuation to $3.2 billion. Now, facing challenging market conditions, Blockstream could now be looking to secure additional capital. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous rounds, according to a Dec. 7 Bloomberg report. Blockstream Corp. is raising fresh funds at a lower valuation than at its most recent financing as the collapse of the FTX exchange adds pressure.

Expansion Plans Despite Valuation Drop

Despite the potential valuation decrease, Crypto infrastructure company Blockstream raised $125 million in convertible note and secured loan financing to expand its bitcoin mining hosting services. This indicates a continued focus on growth and development within the Bitcoin ecosystem. The company is clearly looking to capitalize on its existing infrastructure and services, even amidst market uncertainty. Blockstream raised 210 million in August 2025 in a Series, and they continue to be a key player in the crypto space.