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Announced

FTX to acquire BlockFi for $240m.

Financials

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Transaction Value£197m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

FinTech

cryptocurrencies tools

blockchain financial services

United States

Single Bidder

Domestic

Acquisition

Majority

Friendly

Synopsis

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FTX, a Bahamian cryptocurrency exchange platform, agreed to acquire BlockFi, a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets, for $240m. "We found a great partner in FTX, who shares our commitment to clients. This represents the best path forward for all BlockFi stakeholders and the crypto ecosystem as a whole.” Zac Prince, BlockFi Chief Executive.

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