BlockFi announces deal with FTX US, including 'option to acquire' for $240M

by Aurelia Butler 1 July 2022, 22:00 169 Views

In a Friday Twitter (NYSE:TWTR) thread, BlockFi CEO Zac Prince said the crypto lending firm had signed agreements with FTX US for a $400-million revolving credit facility as well as the option to acquire BlockFi “at a variable price of up to $240 million based on performance triggers.” According to the CEO, the deal was reached as part of an effort “to bolster liquidity and protect client funds” at BlockFi.

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Source: Cryptocurrency - investing.com

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BlockFi announces deal with FTX US, including 'option to acquire' for $240M

Millions hit the road, skies, for U.S. Fourth of July holiday

Fed gets newest policymaker, as inflation, recession fears mount

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