358 place 17

422 CoinDesk Revenue Slowed Before Sale to Bullish

The Information
Aidan Ryan @ The Information · 11/29/2023 13:34 EDT

CoinDesk Revenue Slowed Before Sale to Bullish

Barry Silbert’s Digital Currency Group announced last week that it sold its crypto news subsidiary CoinDesk to the crypto exchange Bullish. Silbert said in a tweet that the sale made CoinDesk, which DCG bought for $500,000 in 2016, “one of our best investments of all time,” but the sale price was not disclosed and could not be learned.What is clear, though, is that CoinDesk has seen its business slow dramatically over the past year as crypto advertisers have generally pulled back. One of CoinDesk’s big mone

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