Blockworks acquired the analytics platform Messari for $10 million.

The deal amount exceeds $10 million—previously, the platform was valued at $300 million when it raised $35 million in a Series B round in 2022.

The discount reflects Messari’s challenges: earlier this year, the company changed its CEO, reduced its staff, and announced a shift toward an “AI-first” strategy.

Blockworks provides data coverage on more than 40,000 digital assets and APIs used by investors, exchanges, and developers.