BlockFi
BlockFi is a financial services company offering crypto-collateralized loans, interest-earning accounts, and trading services to digital asset owners.
Secondary Market Price
How BlockFi Measures Up
To help you manage your BlockFi equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future BlockFi Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for BlockFi's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
BlockFi is a financial services company founded in 2017 by Zac Prince and Flori Marquez. Headquartered in Jersey City, New Jersey, the company operates as a secured non-bank lender offering wealth management products for cryptocurrency investors. Its primary services include US dollar loans backed by crypto assets, interest-earning accounts, and trading capabilities. The company serves clients globally, and as of March 2021, it reported having 225,000 clients, $15 billion in assets under management, and had lent a total of $10 billion in loans.
The company's stated mission is to provide liquidity, transparency, and efficiency to digital financial markets for both individual consumers and corporations. While specific future plans are not detailed in the provided materials, BlockFi's most recently noted corporate event was a debt financing round in July 2022. The company raised $400 million in this round, with FTX US Derivatives mentioned as the main investor.
- Bain Capital Ventures
- DST Global
- Pomp Investments
- Tiger Global
- Valar Ventures
- Morgan Creek Digital
- Akuna Capital
- Jump Capital
- Paradigm
- Breyer Capital
- Castle Island Ventures
- Winklevoss Capital
- CMT Digital
- HashKey Capital
- Kenetic Capital
- Arrington XRP Capital
- CMS Holdings
- Gaingels
- Susquehanna Government Products
- Bracket Capital
- ParaFi Capital
- Pacific Century Group
- Third Prime
- The Venture Collective
- Hudson River Trading
- SCB 10X
- PJC
- Avon Ventures
- Purple Arch Ventures
- ConsenSys Ventures
- Galaxy Digital
- SoFi
- Co-Founder, Zac Prince
- Co-Founder, Flori Marquez
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is BlockFi worth joining?
Evaluating whether to join a startup like BlockFi involves assessing the potential value of its equity, which can be complex for a private company. Tools like Prospect can help you model the future value of private stock options and make more informed career and financial decisions.
What should I do with my BlockFi stock?
Deciding what to do with private company stock involves understanding your personal financial goals and the tax implications of exercising or selling. You can use a platform like Prospect to create a personalized strategy for your equity, helping you minimize taxes and maximize its value.
Can you sell BlockFi stock?
Selling stock in a private company like BlockFi is typically possible through specific events like tender offers, secondary market sales, or an acquisition. Equity management platforms like Prospect can help you navigate these opportunities and determine the most tax-optimal times to sell your shares.
How can I find the value of my BlockFi stock?
Valuing stock in a private company is challenging as it isn't publicly traded, but it's often determined by the company's latest 409A valuation or recent funding rounds. To get a more personalized forecast, you can use services like Prospect, which use predictive models to project the future value of your private equity holdings.
What is BlockFi's equity worth?
The precise worth of a private company's equity isn't public information and fluctuates based on performance, funding, and market conditions. While there's no public figure, platforms like Prospect offer tools to model scenarios and project the potential future value of your specific holdings.
What is BlockFi's stock ticker symbol?
As a private company, BlockFi does not have a stock ticker symbol because its shares are not traded on a public stock exchange. Ticker symbols are only assigned to companies when they become publicly listed through an Initial Public Offering (IPO).
Can I buy or sell BlockFi stock?
Buying shares in a private company is typically limited to accredited investors or employees, while selling is possible during specific liquidity events like tender offers. If you are an employee with equity, platforms like Prospect can help you manage your holdings and plan for selling opportunities.
What is the criteria to buy or invest in BlockFi stock?
Investing in a private startup is generally restricted to accredited investors who meet specific income or net worth requirements defined by financial regulators. Employees, however, often receive equity as part of their compensation without needing to meet these same investor criteria.
