⚡️ The Block has sold a majority stake to Foresight Ventures in a ~$60M deal

Crypto media company The Block sold a majority stake to Singaporean venture capital firm Foresight Ventures in a deal valuing the crypto outlet at $70M. Foresight Ventures, with $400M in assets under management, has bought a stake worth roughly $60M for an 80% share of the company. The fresh funds will allow The Block to build out new products and expand its footprint into Asia and Middle East. #TheBlock #Foresight