Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms – Crypto News – Crypto News
Connect with us

Technology

Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms – Crypto News

Published

4 months ago

on

Figment

Figment Acquisitions:- In a major market update coming from the leading staking giant, Figment, the firm is eyeing million dollar acquisitions in the industry.

According to a Bloomberg report, the firm is targeting mergers and acquisitions with crypto-focused firms.

Figment CEO Lorein Gobel who is leading the fourth startup Figment said in a recent interview, “I really just want to see how  far we can take it at this point”.

Notably, the Canada-based crypto staking services provider Figment raised $50 million in a Series B funding round in the year 2021. CEO Lorein has now revealed that it not looking to raise rather acquire.

What Kind of Crypto Firms is Figment Looking to Acquire

Figment as a leading proof-of-stake (PoS) infrastructure provider serves institutional clients in the blockchain space. It currently manages more than $15 billion in staked assets. 

And now the firm is reportedly looking to acquire projects that have dominant status on blockchains like Solana or Cosmos. The range of its acquisitions would be $100M–$200M.

This comes as the crypto industry has seen a surge in mergers and acquisitions this year. Crypto deals are surging as firms seek to consolidate resources and expand their technological capabilities.

Competitors in the staking and DeFi infrastructure space are also pursuing similar strategies to enhance their offerings and capture a larger share of the market.

Related: Ripple Acquires Hiddenroad

The post Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms appeared first on CoinGape.

Related Topics:
Continue Reading

Trending