BlockFi Secures $250 Million Credit Facility From FTX
BlockFi secures $250 million revolving credit facility from crypto exchange FTX.
The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’
Ankita K.
12:27 21st Jun, 2022
Markets
Beleaguered crypto lender BlockFi announced it has secured a $250 million revolving credit facility from crypto exchange giant FTX.
"Today BlockFi signed a term sheet with FTX to secure a $250m revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength," CEO Zach Prince tweeted on Tuesday.
Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.
— Zac Prince (@BlockFiZac) June 21, 2022
