Ledn’s proposal is also potentially more attractive than the recent offer from major exchange FTX to buy the once $3 billion-valued company at a mere $25 million, reported originally by CNBC.
BlockFi’s CEO Zac Prince took to Twitter this week, however, to deny reports that FTX, which had previously provided BlockFi with a $250 million emergency support package amid market turmoil, would buy out the firm.
Lots of market rumors out there – I can 100% confirm that we aren’t being sold for $25M.
I encourage everyone to trust only details that you hear directly from @BlockFi.
“Given its operational strength, Ledn is currently evaluating a number of opportunities to broaden its leadership in digital asset lending and beyond,” Ledn Chief Executive Officer Adam Reeds told Bloomberg. “At the moment, we cannot share any additional details.”