Mobile app version of munafa.co.com
Login or Join
 Learn then Earn
stockMarketNEWS

 story : FTX nears deal to acquire BlockFi for million, reports say #FinanceUSA #StockMarketNEWS Digital asset exchange FTX is nearing a deal to acquire crypto lender BlockFi for million, or a 99% discount

@stockMarketNEWS Fri 01 Jul, 2022

Posted in: #FinanceUSA #StockMarketNEWS

FTX nears deal to acquire BlockFi for million, reports say #FinanceUSA #StockMarketNEWS
Digital asset exchange FTX is nearing a deal to acquire crypto lender BlockFi for million, or a 99% discount to its most recent private-market valuation, according to a report in CNBC.

The deal could take months to close, according to the report, but a term sheet could be signed by the end of this week. The news comes one week after BlockFi announced it had secured a 0 million line of credit with FTX to bolster its balance sheet amid broad declines in major cryptos including bitcoin and ether .

A separate report in the Block stated that the deal would involve turning the 0 million loan into equity.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme