Crypto media The Block sells $70m majority stake to Foresight Ventures

Crypto media The Block sells $70m majority stake to Foresight Ventures
фото показано с : btcmanager.com

2023-11-13 16:50

Crypto media firm The Block sold a majority stake to Foresight Ventures in a deal, valuing it at $70 million. Most capital is used to buy out former CEO Mike McCaffrey’s stake. He resigned after the news that he secretly…

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stake block ventures crypto media foresight majority

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Singaporean VC firm Foresight Ventures buys 80% stake in The Block

Foresight Ventures, a Singapore-based investment firm, has bought a majority stake in crypto media company The Block, purchasing an 80% stake at $60 million. This strategic acquisition comes almost a year after the collapse of FTX and Alameda Research, from the latter of which The Block’s previous CEO, Mike McCaffrey, had borrowed several million dollars.

2023-11-13 20:45


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