July 20 (Reuters) - A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter. CoinDesk is currently owned by crypto conglomerate Digital Currency Group (DCG), which bought it in 2016. Any sale would likely bolster DCG's financial strength as the company looks to pull its Genesis unit out of bankruptcy. CoinDesk, Roszak's investment firm Tally Capital and Vessenes's family office did not immediately respond to Reuters requests for comment. Reporting by Niket Nishant in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Source: Wall Street Journal July 20, 2023 20:01 UTC