its intentions to purchase BlockFi for a mere $25 million . Prince, though, refuted the rumors that the amount will be just $25 million.by Bloomberg, the Canada-based crypto lender – Ledn – made a similar proposition, too. Contrary to FTX, its plan involves fresh funding instead of a complete acquisition.People familiar with the matter disclosed that Ledn will lead a $400 million fundraiser and provide a $50 million equity contribution that could grant it a significant proportion of BlockFi.
“Given its operational strength, Ledn is currently evaluating a number of opportunities to broaden its leadership in digital asset lending and beyond. At the moment, we cannot share any additional details.”BlockFi’s Success Prior to the Market Crash The US-based firm that describes itself as a “financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products” had quite successful moments last year.$350 million in a Series D fundraising round led by prominent investors such as Tiger Global, Bain Capital Ventures, and Pomp Investments. As a result, BlockFi’s valuation surged to $3 billion.with the NBA star Cade Cunningham.
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