How much did bullish pay to acquire CoinDesk?

Bullish paid close to $75 million to acquire CoinDesk. Here’s what we know about the company and its plans for crypto media When CoinDesk published a suspicious balance sheet of Sam Bankman-Fried's trading firm in November 2022, it set off a chain of events that would upend every corner of the crypto industry—including its own.

How much could DCG sell for?

One media report suggested that DCG, which had purchased the publication for only $500,000 in 2016, could fetch as much as $300 million from the sale, but, as with so many things in the crypto world, that figure reflected a wide gulf between aspiration and reality. In November, DCG completed an all-cash deal with the digital asset exchange Bullish.

How much did DCG sell the block?

In November, DCG completed an all-cash deal with the digital asset exchange Bullish. The sale price was in the range of $70 million to $80 million, according to a person familiar with the deal. (The Block, a competitor, sold to the Singapore-based Foresight Ventures in November 2023 at a valuation of $70 million.)