Victoria-based Blockstream becomes B.C.'s latest billion-dollar tech titan

The Vancouver Tech Journal recently pointed out that it's the ninth company headquartered in this province to reach this milestone publicly in the last nine months

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      In the Georgia Straight's 2020 Best of Vancouver issue, we highlighted some of the city's best newsletters focusing on tech, real estate, and investments.

      One of those was the Vancouver Tech Journal, which is written by consultant William Johnson.

      His "Sunday Briefing" is a must-read for anyone interested in the latest buzz in B.C.'s tech sector.

      This morning (August 29), he didn't disappoint. One of Johnson's stories was about Victoria-based Blockstream, which recently became the ninth B.C.-based tech firm to achieve a valuation in excess of $1 billion in the past nine months.

      Video: Blockstream CEO Adam Back talks about how he became fascinated with Bitcoin.

      The Victoria-based company was founded in 2014 and develops products and services for storage and transfer of digital assets, including Bitcoin.

      Johnson's newsletter linked to an article on the Vancouver Tech Journal website revealing the other eight firms that had reached billion-dollar valuations in the past nine months.

      The best-known, AbCellera, went public on NASDAQ last December.

      Not long after going public at US$20 per share, AbCellera shot up to a high of US$71.91, making founder Carl Hansen a billionaire several times over on paper.

      Since then, the share price has come down to Earth, closing on Friday (August 27) at US$17.58.