Investors Eye $200M Coindesk Purchase Amid Bankruptcy Filing

• Investors are reportedly interested in purchasing the cryptocurrency news publication Coindesk after the subsidiary of Digital Currency Group, Genesis Global Capital, filed for bankruptcy protection.
• Charles Hoskinson, co-founder of Ethereum and founder of Cardano, has expressed interest in buying Coindesk and sources have indicated that the asking price is around $200 million.
• Wang Feng, founder of China-based news publication Marsbit, has also announced his intentions to purchase Coindesk.

Investors are reportedly looking to purchase the cryptocurrency news publication Coindesk following the bankruptcy filing of Digital Currency Group’s subsidiary, Genesis Global Capital. Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, has expressed interest in buying Coindesk. According to sources familiar with the matter, the asking price for the news outlet is around $200 million. This estimate is less than the estimate given to Semafor at the end of November 2022 when sources informed the news publication that investors were interested in buying Coindesk. At that time, Semafor’s Bradley Saacks and Liz Hoffman reported that there was a “suggested $300 million purchase price”, but the estimate was considered too low.

In addition to Hoskinson, Wang Feng, the founder of China-based news publication Marsbit, has also announced his intentions to purchase Coindesk. Coindesk is an independently operated news and conference business that is wholly owned by DCG and generates most of its revenue from events such as the Consensus conference.

The potential sale of Coindesk has drawn the attention of many in the cryptocurrency industry, as it is one of the most well-known news sources for cryptocurrency-related news and information. Many are looking to see if the sale of Coindesk will have any effect on the industry and if it will be able to continue its operations under new ownership. It is unclear at this time who will be the ultimate buyer of Coindesk, but one thing is for sure – the potential sale of Coindesk has certainly grabbed the attention of both investors and the crypto community.