Altss Research / Venture case 01
BlockFi
BlockFi announced a $3bn private valuation in March 2021. It and eight affiliates filed Chapter 11 cases in November 2022. Its plan became effective on October 24, 2023; a subsequent court opinion records the debtors’ continuing wind-down.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$3bnCompany-announced valuation following completion of $350m Series D; pre/post-money not specified in issuer release.
Wind-down
No sale priceChapter 11 plan became effective. Effective date of plan and ensuing wind-down, independently recorded in a 2025 Bankruptcy Court opinion.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Private funding valuation disclosed
Company-announced valuation following completion of $350m Series D; pre/post-money not specified in issuer release.
Chapter 11 cases commenced
BlockFi and eight affiliates filed voluntary Chapter 11 cases in the District of New Jersey.
Chapter 11 plan became effective
Effective date of plan and ensuing wind-down, independently recorded in a 2025 Bankruptcy Court opinion.
Source documents
Publication and access dates identify the evidence used for this case.
BlockFi via PR Newswire · Primary source · Published Mar 11, 2021 · Accessed Oct 26, 2026
BlockFi via Business Wire; syndicated by FinancialContent · Primary source · Published Nov 28, 2022 · Accessed Oct 26, 2026
U.S. Bankruptcy Court for the District of New Jersey / govinfo · Primary source · Published Jul 1, 2025 · Accessed Oct 26, 2026