DefiLlama Acquires OTC Data Platform Bulletin to Supplement Private Crypto Company Valuation Data

Odaily News: Blockchain data aggregation platform DefiLlama has completed the acquisition of over-the-counter (OTC) data provider Bulletin. This move will enable DefiLlama to provide users with more granular secondary market valuation data for private crypto companies.

Patrick Scott, Head of Revenue and Growth at DefiLlama, stated that the OTC buy/sell quotes and transaction information provided by Bulletin will complement DefiLlama's existing crypto startup financing data, helping the market better understand the true valuation range of private crypto companies. DefiLlama lead 0xngmi pointed out that this is the platform's first acquisition since its inception. Although the volume of new data is limited, it introduces proprietary data that previously did not exist.

David Mirzadeh, founder of Bulletin and Chief of Staff at the NEAR Foundation, established the platform in 2023. It focuses on aggregating OTC quotes and transaction information for private company equity and tokens. He stated that the private market is highly opaque, and "even a single buy or sell quote is extremely valuable."

It is reported that Bulletin's OTC data and some of DefiLlama's advanced analytical tools will continue to be offered as part of the LlamaPro subscription. Mirzadeh will assist DefiLlama in expanding more OTC data sources in an advisory capacity going forward. (DL news)