Scottish asset manager is the latest to back a cryptocurrency company as Coinbase seeks mega-listing
20 April 2021 • 8:00pm
One of Britain’s most prominent investors has put $100m (£72m) into the UK’s biggest cryptocurrency company in a new stamp of approval for Bitcoin and other digital assets.
Baillie Gifford has become the biggest outside shareholder in Blockchain.com with the investment, part of a $300m funding round that valued the London-based company at $5.2bn.
The Edinburgh asset manager has been an early backer of Silicon Valley giants including Google, Tesla and Airbnb but its support for Blockchain.com, a service that lets users buy and store cryptocurrencies such as Bitcoin, represents its largest push into digital currencies to date.