Foresight Ventures, a Singapore-based VC firm, has acquired an 80% stake in The Block, a crypto media outlet, in a deal valuing the company at $70 million. The acquisition frees the business from financial ties to FTX. The majority of the capital was used to buy out former CEO Mike McCaffrey's stake, who secretly accepted millions from SBF, leading to his resignation.
Foresight Ventures Acquires Majority Stake in The Block ⬇️ #cryptonews https://t.co/DUL9yEcEsz
Foresight Ventures Acquires Majority Stake in #Crypto #News Company The Block https://t.co/5NvOTtRlaL
Foresight Ventures Acquires 80% of #Crypto #News Outlet The Block https://t.co/5NvOTtRlaL
foresight ventures bought the block and first thing they did is publish fake XRP news lmaooooooo the media is not real
Venture capital firm @ForesightVen has purchased an 80% stake in @TheBlock__ in a deal that valued the crypto media outlet at $70 million. @BrandyBetz reports https://t.co/IVbLwvjBXz
“The Block,” a crypto-focused media company, has sold a majority stake (80%) to Foresight Ventures, a Singapore-based venture capital firm, for $60 million, valuing the company at $70 million. https://t.co/RJGim4Akpc
In a strategic shift within the cryptocurrency media landscape, Singapore-based @ForesightVen has acquired a majority stake in crypto news outlet and data provider @TheBlock__. https://t.co/EjZaygR7LZ
Crypto media outlet The Block sold a majority stake to a Singapore-based VC firm which now values the company at $70 million and cuts its ties with the FTX scandal. https://t.co/RJGim4ASeK
Crypto media firm The Block sold a majority stake to Foresight Ventures in a deal, valuing it at $70 million https://t.co/a8H4GY2VmV
Bitget exchange’s VC Foresight Ventures acquired a majority stake in crypto media TheBlock from former CEO Michael McCaffrey in a deal that valued the company at $70 million, according to Bloomberg. The original CEO was required to repay a large secret loan from FTX Group.… https://t.co/e7EVYy9MI9
The Block sells an 80% stake to Singaporean VC Foresight Ventures, valuing the crypto outlet at $70M and freeing the business from financial ties to FTX (Axios) https://t.co/873NuKDe5v 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/aLdnVcotu0
NEW: The Block valued at $70M in Foresight Ventures deal https://t.co/CsTpfuMHa0
Breaking: Crypto media firm @TheBlock__ sold majority stake to Foresight Ventures in deal valuing it at $70M -Most capital used to buy out former CEO Mike McCaffrey's stake (MM secretly accepted millions from SBF, leading to his resignation) W @ShenLucinda https://t.co/cCjeWUHfvm