Crypto staking firm, Figment, claims it’s on the hunt for acquisition targets within the blockchain and crypto sector. It’s at present eyeing $100 million to $200 million offers as crypto mergers spike.
In accordance with a current Bloomberg report, the crypto staking agency is focusing on crypto-focused tasks that maintain a robust regional presence, ideally in Asia or South America. Moreover, the corporate can be occupied with tasks which have managed to ascertain a “dominant” place in main blockchain similar to Cosmos (ATOM) or Solana (SOL).
For the time being, the corporate’s acquisition finances ranges someplace between $100 million and $200 million. The Canada-based firm at present has round 150 staff and oversees staked crypto property valued at roughly $15 billion. Within the close to future, it hopes to develop its enterprise operations within the U.S. as soon as regulators determine to open the staking market to Ethereum ETFs.
Figment Co-Founder and Chief Government Officer Lorien Gabel mentioned the corporate at present has no plans to boost its funding and isn’t seeking to be purchased by a bigger agency. As an alternative, it’s setting its sights on buying smaller gamers within the business.
“We’ve got time period sheets out and we’re actively seeking to purchase smaller suppliers,” mentioned Gabel in his assertion.
Figment’s ongoing acquisition plans replicate a much wider pattern within the crypto business the place crypto mergers and acquisitions have been on the rise after Trump’s presidential win. In truth, information from Architect Companions reveal that crypto mergers and acquisitions worth has damaged by means of the $2 billion threshold, hitting its highest ranges within the first quarter of 2025.
Thus far, current acquisitions embody Ripple (XRP) purchasing crypto dealer Hidden Highway for $1.25 billion, Kraken’s $1.5 billion acquisition of futures buying and selling platform NinjaTrader, and Phantom buying out NFT information platform Easy Hash in late February.
As beforehand reported by crypto.information, Coinbase is at present in talks to acquire main crypto derivatives alternate Deribit. Kraken has additionally leaned in direction of a buying bid for Deribit up to now. It stays to be seen whether or not Coinbase will comply with by means of with the deal or not.