Nexo made an acquisition offer of $850 million to BlockFi in July

ChainCatcher news, according to an indicative investment proposal document obtained from The Block, cryptocurrency lending platform Nexo made an $850 million acquisition offer to competitor BlockFi in July, when BlockFi was facing financial difficulties and had signed a non-binding agreement with FTX.US.

According to the document, the deal included $30 million for acquiring a 51% stake in BlockFi and a $500 million credit line. (source link)