The acquisition won’t affect CoinDesk’s existing management team, with the outlet operating “as an independent subsidiary within Bullish.” CoinDesk will also launch an editorial committee led by former Wall Street Journal editor-in-chief Matt Murray.
Barry Silbert, the founder of DCG, writes on X (formerly Twitter) that CoinDesk was one of the company’s “best investments of all time,” adding he’s “incredibly proud of CoinDesk’s growth & development over the last seven years and its transformation into an award-winning media & events company.”
“With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem,” Farley says in a statement. “Bullish will immediately inject capital into several of CoinDesk’s most exciting growth initiatives which will power the launch of new services, events and products.”
Bullish is also in the running to purchase what’s left of FTX, the Journal reported earlier this month, potentially allowing the company to reboot the fallen exchange.