BlockFi is one of the most popular companies in the cryptocurrency market. The company has been growing steadily and has attracted a lot of investors in the recent past. Such a trend has helped the company earn a handsome amount of revenue that has also contributed to the growth of the company significantly. To add to all the positives, a recent study has shown that the company has been growing as no other company can. They have earned the top spot in the survey of the Inc. Magazine.
Such news comes as a much-needed breath of fresh air for both the crypto market as well as crypto investors. The recent few months have been one of the darkest phases of the crypto market. The entirety of the market has plunged into darkness. Most of the companies have faced significant losses during this period.
Prominent companies like Coinbase have declared themselves bankrupt while Coinflex has recently announced about cutting down on their employees due to the recent loss. The biggest names in the market, Ethereum and Bitcoin have also witnessed their shares go down the drain. Thus, getting credited by one of the most prestigious magazines is a huge deal for the company. The recent success of BlockFi has made the investors take notice and come up with rejuvenated zeal. Let us learn more about the story in detail below.
BlockFi Has Grown By 250,000%
BlockFi has made it to the number one spot on the Inc. 5000 2022 list. The magazine stated that the company experienced a growth in revenue by 245,616% in the last few years. This number comes as a surprise because the difference with the second-placed company is almost 99000%.
BlockFi has recorded a median growth rate of 230%. Such positive figures establish the company as a crypto giant in the making. The way the company encountered the dark phase and countered it tactically is something that other crypto companies would like to learn.