DefiLlama acquires OTC data platform Bulletin to supplement valuation data for private crypto companies.

Blockchain data aggregation platform DefiLlama has completed its 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 Bulletin's OTC buy and sell quotes and transaction information will complement DefiLlama's existing crypto startup funding data, helping the market better understand the true valuation range of private crypto companies. 0xngmi, head of DefiLlama, pointed out that this is the platform's first acquisition since its inception, and although the volume of new data is limited, it introduces proprietary data that was not previously available. David Mirzadeh, founder of Bulletin and Chief of Staff of the NEAR Foundation, founded the platform in 2023, focusing 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 understood that Bulletin's OTC data and some of DefiLlama's advanced analytics tools will continue to be offered as LlamaPro subscription content, and Mirzadeh will assist DefiLlama in expanding its OTC data sources as an advisor. (DL news)