Bitcoin Wallet Blockchain Closes $30.5M Funding

Despite Bitcoin prices taking a tumble as of late, Silicon Valley still seems to have an appetite for the digital currency. Blockchain, a Bitcoin wallet provider with British roots, has locked in $30.5 million in funding, backed by Lightspeed Venture Partners and Wicklow Capital, according to the New York Times.

“The investment, raised from Blockchain’s first round of outside financing, is one of the biggest in the digital currency industry to date,” the story said. “Since it was founded in 2011, Blockchain, which is based in Britain, has gained respect in the industry for adhering to the virtual currency’s original philosophy of anonymity and decentralization. Roger Ver, a libertarian known in some circles as the Bitcoin Jesus, was the first backer and supporter of the company.”

More than $250 million has been invested in Bitcoin companies, most of that in the last 12 months, according to Wedbush Securities, a financial services firm, the story noted.