FTX signs a deal giving it the option to buy crypto lender BlockFi

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FTX signs a deal giving it the option to buy crypto lender BlockFi

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FTX signed a deal with BlockFi that gives it the option to buy the crypto lender at a maximum price of $240 million.

The Jersey City, New Jersey-based company was last worth $4.8 billion, according to PitchBook.

The company it did not give a minimum deal price.

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Category: MarketsFinanceInvesting

Topics: Technology Cnbc Source:tagname:CNBC US Source Economy Breaking News: Markets Markets Articles Stock markets Breaking news U.S. Markets Overview Finance

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2022-07-01, 19:52:52

News Timezone: GMT -5:00

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Language: English

Reading Time: 3 minutes read

Article Length: 442 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 26098

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