CoinDesk, an award-winning media outlet focused on the cryptocurrency industry, recently underwent changes after being acquired by the Bullish group in November 2023. The Bullish group, majority-owned by Block.one, is a regulated digital assets exchange with interests in various blockchain and digital asset businesses, including significant holdings of bitcoin. Despite the acquisition, CoinDesk continues to operate as an independent subsidiary with an editorial committee in place to safeguard journalistic independence.
The acquisition by the Bullish group signifies a new chapter for CoinDesk, as it now operates under the ownership of a major player in the digital assets industry. With both companies sharing interests in blockchain technology and digital assets, the synergy created by this partnership is expected to enhance CoinDesk’s coverage of the cryptocurrency landscape. As part of the acquisition deal, CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation, aligning their incentives with the success of the overall organization.
As CoinDesk navigates this transition under new ownership, its commitment to upholding a strict set of editorial policies remains unchanged. The media outlet’s journalists continue to adhere to these guiding principles, ensuring that their reporting is accurate, reliable, and independent. With the support of the Bullish group and Block.one, CoinDesk is poised to further solidify its position as a leading source of news and insights within the fast-evolving cryptocurrency industry.