FTX is about to acquire BlockFi

This deal occurred after FTX gave BlockFi a $250 million immediate credit facility.

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One source estimated that FTX will offer about $25 million for the deal.

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Another source estimated the price to be nearer to $50 million.

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BlockFi, headquartered in Jersey City, New Jersey, was most recently evaluated at $4.8 billion.

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This is the newest setback for crypto lending businesses as the value of crypto assets continues to decline.

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FTX is about to acquire BlockFi

FTX is about to acquire BlockFi

Read More on 5MinuteCoins.com

Read More on 5MinuteCoins.com

This deal occurred after FTX gave BlockFi a $250 million immediate credit facility.

This deal occurred after FTX gave BlockFi a $250 million immediate credit facility.

Read More on 5MinuteCoins.com

Read More on 5MinuteCoins.com

One source estimated that FTX will offer about $25 million for the deal.

One source estimated that FTX will offer about $25 million for the deal.

Read More on 5MinuteCoins.com

Read More on 5MinuteCoins.com

Another source estimated the price to be nearer to $50 million.

Another source estimated the price to be nearer to $50 million.

Read More on 5MinuteCoins.com

Read More on 5MinuteCoins.com

BlockFi, headquartered in Jersey City, New Jersey, was most recently evaluated at $4.8 billion.

BlockFi, headquartered in Jersey City, New Jersey, was most recently evaluated at $4.8 billion.

Read More on 5MinuteCoins.com

Read More on 5MinuteCoins.com

This is the newest setback for crypto lending businesses as the value of crypto assets continues to decline.

This is the newest setback for crypto lending businesses as the value of crypto assets continues to decline.

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CLICK HERE