Blockworks, the crypto media and data company valued at $192 million as of its April 2026 funding round, has acquired Messari, one of its most direct competitors in the market intelligence space.
Financial terms of the acquisition haven’t been disclosed. Neither have details about leadership changes, product integration timelines, or how the combined entity will be structured going forward.
Messari had raised approximately $61 million across its prior funding rounds, establishing itself as one of the more well-capitalized independent crypto research and analytics providers. Blockworks, meanwhile, closed a funding round in April 2026 that valued the company at $192 million, with the capital earmarked for exactly this kind of strategic move.
Blockworks has been on an acquisition tear. The company picked up The Drop newsletter in October 2024, and the Messari deal represents a significant escalation in ambition.
Messari built its reputation on detailed protocol research, fundraising trackers, and governance dashboards that became standard tools for crypto-native funds and increasingly for traditional finance firms dipping into digital assets. Blockworks grew from a media brand into a data provider, leveraging its audience and event network to build distribution advantages that pure data companies struggle to replicate.
Blockworks has been building toward a one-stop-shop model, explicitly described in its April 2026 funding round as an ambition to become the “Bloomberg of crypto.” The company already operates across media, events, and data products. Adding Messari’s research platform, token screeners, and governance analytics tools creates something closer to a unified institutional offering.
Firms like Dune Analytics, Nansen, Chainalysis, and The Block’s research arm are competing in the same space, each building out its own version of a comprehensive data offering.