Founded in 2017 by current CEO Zac Prince and SVP of Operations Flori Marquez, BlockFi is a wealth management platform that aims to help crypto investors in all 50 US states and around the world maximize their earning potential. The company carries a variety of products designed to support its clients’ financial needs, including crypto, credit cards, interest-earning accounts, trading accounts, crypto-backed USD loans, and more. Since its establishment, the Jersey City-based fintech company has raised a total of $508.7 million in funding from investors like Bain Capital Ventures, Pomp Investments, and Tiger Global. According to Pitchbook, BlockFi recently raised $500 million in July 2021 which is also when Nasdaq wrote that some documents circulated to investors showing that BlockFi was aiming to go public towards mid or end of 2022. But BlockFi has been communicating its intention to go public since 2020, therefore, these comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
BlockFi is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.
If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.
If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.
Can you sell shares of BlockFi before it goes public?
Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while BlockFi is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.
If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.
What is the pre-IPO value of my BlockFi shares?
To explore the value of your BlockFi shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.
These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.
Is BlockFi a publicly traded company?
BlockFi is a private company and not publicly traded.
If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.
To learn more about BlockFi potential IPO
Will BlockFi go IPO?
BlockFi has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.
What is BlockFi’s IPO price?
The BlockFi IPO price does not exist at this time, as BlockFi is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to BlockFi, register for Forge today.
When was BlockFi founded?
BlockFi was founded in 2017.
What is BlockFi funding to date?
BlockFi has raised $1.05B to date.
BlockFi major investors
Gaingels
Hudson River Trading
Third Prime
BlockFi pre-IPO valuation and funding rounds
Funding history chart
Funding round and deals details
Funding Date
Round
Amount Raised
Price per Share
Post-Money Valuation 3
Key Investors
03/28/2022
Series E
$277.46MM
$75.74
$4.75B
Morgan Creek Digital, Valar Ventures
Price per Share
$ xx.xx
Shares Outstanding
3,663,089
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Morgan Creek Digital, Valar Ventures
03/28/2022
Series E-1
$75MM
$75.74
$4.75B
Morgan Creek Digital, Valar Ventures
Price per Share
$ xx.xx
Shares Outstanding
990,174
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Morgan Creek Digital, Valar Ventures
03/11/2021
Series D
$572.06MM
$58.74
$3B
Akuna Capital, Bain Capital Ventures, Bracket Capital, Breyer Capital, Castle Island Ventures, Cms Holdings, Gaingels, Hudson River Trading, Jump Capital, Kenetic Capital, Lllp, Morgan Creek Digital, Pacific Century Group, Paradigm, Parafi Capital, Pjc, Pomp Investments, Susquehanna Government Products, The Venture Collective, Third Prime, Tiger Global, Valar Ventures
Price per Share
$ xx.xx
Shares Outstanding
9,739,310
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Akuna Capital, Bain Capital Ventures, Bracket Capital, Breyer Capital, Castle Island Ventures, Cms Holdings, Gaingels, Hudson River Trading, Jump Capital, Kenetic Capital, Lllp, Morgan Creek Digital, Pacific Century Group, Paradigm, Parafi Capital, Pjc, Pomp Investments, Susquehanna Government Products, The Venture Collective, Third Prime, Tiger Global, Valar Ventures
08/20/2020
Series C
$72.71MM
$9.51
$441.68MM
Avon Ventures, Castle Island Ventures, Cmt Digital, Hashkey Capital, Kenetic Capital, Matthew Dellavedova, Morgan Creek Digital, Purple Arch Ventures, Scb 10x, Valar Ventures, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
7,642,144
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Avon Ventures, Castle Island Ventures, Cmt Digital, Hashkey Capital, Kenetic Capital, Matthew Dellavedova, Morgan Creek Digital, Purple Arch Ventures, Scb 10x, Valar Ventures, Winklevoss Capital
02/13/2020
Series B
$37.28MM
$3.79
$144.91MM
Akuna Capital, Arrington Xrp Capital, Avon Ventures, Castle Island Ventures, Cmt Digital, Hashkey Capital, Kenetic Capital, Morgan Creek Digital, Pjc, Purple Arch Ventures, Valar Ventures, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
9,837,208
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Akuna Capital, Arrington Xrp Capital, Avon Ventures, Castle Island Ventures, Cmt Digital, Hashkey Capital, Kenetic Capital, Morgan Creek Digital, Pjc, Purple Arch Ventures, Valar Ventures, Winklevoss Capital
08/06/2019
Series A-3
$13.55MM
$1.75
$52.49MM
Akuna Capital, Avon Ventures, Cmt Digital, Consensys Ventures, Galaxy Digital, Morgan Creek, Pjc, Susquehanna, Valar Ventures, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
7,753,114
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Akuna Capital, Avon Ventures, Cmt Digital, Consensys Ventures, Galaxy Digital, Morgan Creek, Pjc, Susquehanna, Valar Ventures, Winklevoss Capital
08/06/2019
Series A-1
$3.31MM
$1.06
$52.49MM
Akuna Capital, Avon Ventures, Cmt Digital, Consensys Ventures, Galaxy Digital, Morgan Creek, Pjc, Susquehanna, Valar Ventures, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
3,109,745
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Akuna Capital, Avon Ventures, Cmt Digital, Consensys Ventures, Galaxy Digital, Morgan Creek, Pjc, Susquehanna, Valar Ventures, Winklevoss Capital
08/06/2019
Series A-2
$200,000.00
$1.57
$52.49MM
Akuna Capital, Avon Ventures, Cmt Digital, Consensys Ventures, Galaxy Digital, Morgan Creek, Pjc, Susquehanna, Valar Ventures, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
127,210
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Akuna Capital, Avon Ventures, Cmt Digital, Consensys Ventures, Galaxy Digital, Morgan Creek, Pjc, Susquehanna, Valar Ventures, Winklevoss Capital
Crypto lending platform BlockFi announced that it has secured a $250 million revolving credit facility from FTX, BlockFi CEO Zac Prince said in a tweet on Tuesday, and the company subsequently announced in a press release. Prince said the move “bolsters our balance sheet and platform strength.” He added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."
BlockFi, a crypto finance institution, will pay $100 million in penalties to the Securities and Exchange Commission (or SEC) and 32 US states after it settled charges relating to its interest program (via The Block). Regulators say that the company’s BlockFi Interest Accounts, which let users earn returns on cryptocurrencies like Bitcoin, Ethereum, and USDT, were unregistered securities and that BlockFi wasn’t properly registered as an investment company.
Bloomberg reported citing sources that BlockFi Inc. might have to pay $100 million to settle with the Securities and Exchange Commission (SEC) and the state regulators. The allegations include offering a high interest-bearing product illegally via lending out digital tokens. An official statement around penalties is expected next week as the SEC tightens regulations. Here the argument of “unregistered securities” is revived. Previously, the watchdog claimed that Coinbase’s Lend product was also akin to a “security.”
Embattled cryptocurrency lender BlockFi is facing scrutiny from regulators in a fourth state, Vermont, over the legality of its interest account product.
According to BlockFi’s website, securities regulators in Vermont have issued an order on the matter. What that order said is not yet known. But it comes as agencies in Alabama, Texas and New Jersey are investigating whether the firm's marquee offering, the BlockFi Interest Account (BIA), violates local securities laws.
Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.
Forge, your trusted partner for pre-IPO insights and BlockFi data
Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES
Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
Market activity indicates the level of activity for a company based on recent IOIs, secondary transactions, and pending transactions on Forge.
Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.
‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.
Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.
COMING SOON
