Blockchain.com is acquiring assets to close a $270 million hole left by Three Arrows Capital
Join Our Telegram channel to stay up to date on breaking news coverage In an effort to raise money, Blockchain.com, an early Bitcoin wallet provider and exchange that had a $14 billion valuation as recently as last March, has been trying to sell off assets. In a research effort, Decrypt has discovered information about discussions made in December and January in which senior executives from Blockchain.com talked about selling off some of its operations, notably to Coinbase. It has also uncovered a private email arranging one of these calls. However, Blockchain.com’s representative refuted the existence of such conversations and stated that “Blockchain.com is an asset buyer, not a seller.” The company’s venture arm Blockchain Ventures recently sold off 80% of its ownership in PolySign, the representative revealed, despite the fact that the corporation denies trying to sell off assets. Blockchain.com took part in the $53 million Series B financing of the i...