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

CNBC Finance LogoCNBC Finance1 mo ago

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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Author / Journalist: https://www.facebook.com/CNBC

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)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT -5:00

News Source URL: cnbc.com

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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About CNBC Finance

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Official Website: cnbc.com

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Year Established: 2005

Headquarters: United States

News Last Updated: 12h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

News Language: English

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