FTX may be planning to purchase a stake in BlockFi
According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the firm, but no equity agreement has been reached.
The reported ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. A BlockFi spokesperson told that BlockFi does not comment on market rumors.