Digital Currency Group (DCG), the owner of crypto-focused publication CoinDesk, is mulling the possibility of selling part or 100% of it in order to "raise capital to fuel its future growth," Kevin Worth, the publication's CEO, has said.
The DCG subsidiary has reportedly received "numerous signals of interest" from potential buyers over the past few months. In particular, bids for the publication, which had revenues of $50 million in 2022, are as high as $200 million.
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Recall that Digital Currency Group (DCG) bought the publication for $500,000-600,000 in 2016.
Digital Currency Group announced in early 2023 the closure of its subsidiary HQ Digital, specializing in asset management.