Source: Blockchain.com has not sold any subsidiaries and has not discussed a potential deal with Coinbase

律动BlockBeats · 2023-02-18T02:10:00.000Z

BlockBeats news, on February 18, The Block reported, citing people familiar with the matter, that Blockchain.com has not sold any subsidiaries and has not been negotiating with Coinbase about potential transactions. Instead, Blockchain.com has sold illiquid positions to take profits and increase liquidity for acquisition activity. This statement was confirmed to be true by Blockchain.com. Previously, Decrypt reported citing people familiar with the matter that Blockchain.com has been selling assets to fill the $270 million funding gap brought to it by Three Arrows Capital. Its venture capital arm Blockchain Ventures recently sold 80% of PolySign's shares. Executives It has also been in talks with Coinbase about a potential business acquisition.

According to BlockBeats, on February 18, The Block reported, citing people familiar with the matter, that Blockchain.com has not sold any subsidiaries and has not negotiated with Coinbase about potential transactions. Instead, Blockchain.com has sold illiquid positions to make a profit and increase liquidity for acquisition activities. The statement was confirmed by Blockchain.com. Earlier, according to Decrypt, citing people familiar with the matter, Blockchain.com has been selling assets to fill the $270 million funding gap brought to it by Three Arrows Capital. Its venture capital arm BlockchainVentures recently sold 80% of PolySign's shares, and executives have been in talks with Coinbase about potential business acquisitions.