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Blockchain.com Seeks to Sell Assets to Reduce Exposure to Three Arrows Capital

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It is reported that Blockchain.com has been trying to sell assets to fill its exposure to Three Arrows Capital (3AC) of US $270 million. The spokesman said tha…

Blockchain.com Seeks to Sell Assets to Reduce Exposure to Three Arrows Capital

It is reported that Blockchain.com has been trying to sell assets to fill its exposure to Three Arrows Capital (3AC) of US $270 million. The spokesman said that its venture capital department BlockchainVentures recently sold 80% of the shares of PolySign. Blockchain.com participated in the US $53 million round B financing of this infrastructure start-up in 2021. According to the source, the company is still actively seeking to raise more funds, even if the valuation is significantly reduced, and hopes to provide debt warrants.

Blockchain.com sold assets to fill its exposure to Sanjian Capital of US $270 million

Interpretation of the news:


According to recent reports, Blockchain.com has been actively trying to reduce its exposure to Three Arrows Capital, and is in the process of selling off assets to achieve this. The exposure in question amounts to a staggering US $270 million, and the company has been implementing several strategies to address it.

One of the ways that Blockchain.com has been reducing its exposure is by selling off its shares in PolySign. In fact, the company’s venture capital department, BlockchainVentures, recently sold 80% of PolySign’s shares, which it had acquired as part of the infrastructure start-up’s round B financing in 2021. This move not only helps to reduce Blockchain.com’s exposure to Three Arrows Capital, but also frees up capital that can be used to pursue other projects.

Despite these efforts, it seems that Blockchain.com is still seeking to raise more funds, even if the valuation of its assets is significantly reduced. This suggests that the company is facing considerable financial pressure, and may be struggling to meet its funding requirements. One possible solution that it is considering is the issuance of debt warrants, which would allow the company to raise capital by issuing bonds that can be converted into stock at a later date.

Overall, it seems that Blockchain.com is taking a number of measures to address its exposure to Three Arrows Capital, and is actively seeking ways to raise funds and reduce its financial pressure. It remains to be seen whether these efforts will be successful, but it is clear that the company is committed to finding solutions to its current financial challenges.

In conclusion, the article highlights the financial struggle Blockchain.com is experiencing due to its high exposure to Three Arrows Capital. The solution to this problem included selling its shares in PolySign and seeking other means to raise funds, including the issuance of debt warrants. Blockchain.com is doing everything it can to address these issues and seems determined to come out strong despite the financial pressure.

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