Crypto infrastructure firm Blockstream is looking for a fresh injection of capital at a significantly lower valuation than it raised at last year.

The startup raised $210 million in a Series B round led by Baillie Gifford and Bitfinex in August 2021, which brought its valuation to $3.2 billion. 

Blockstream could now be valued at below $1 billion by investors, putting its crypto unicorn status in jeapordy, according to a report from Bloomberg.

(By Kari McMahon)