{"id":25338,"date":"2025-05-06T09:02:11","date_gmt":"2025-05-06T09:02:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25338"},"modified":"2025-05-06T09:02:11","modified_gmt":"2025-05-06T09:02:11","slug":"figment-eyes-up-to-200m-worth-of-acquisitions-in-crypto-ma-push-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25338","title":{"rendered":"Figment Eyes Up to $200M Worth of Acquisitions in Crypto M&A Push: Report"},"content":{"rendered":"
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Figment, a major player in blockchain staking services, is actively looking to buy companies in a spree of crypto industry consolidation sparked by renewed optimism over U.S. regulatory clarity.<\/p>\n

The Toronto-based firm is targeting acquisitions between $100 million and $200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, CEO Lorien Gabel told Bloomberg<\/a>. He said the firm already has term sheets out for some deals, the report added.<\/p>\n

Figment helps institutions earn yield by staking, whereby tokens are locked to help secure blockchain networks and validate transactions supported by networks. The company currently manages around $15 billion in staked assets and employs about 150 people, Gabel said.<\/p>\n

The flurry of crypto deals, which include Kraken\u2019s $1.5 billion purchase of NinjaTrader <\/a>and Ripple\u2019s $1.25 billion acquisition of Hidden Road<\/a>, comes as the Trump administration brought on a more crypto-friendly regulatory environment. That environment saw the U.S. Securities and Exchange Commission drop cases against various crypto firms, with crypto ally Paul Atkins recently taking over<\/a> the commission.<\/p>\n

Despite the acquisition strategy, Figment isn\u2019t seeking additional funding and has ruled out a sale. Gabel, who co-founded the firm and has launched three prior startups, said he\u2019s committed to building Figment for the long term. \u201cI\u2019d rather go to zero,\u201d he said.<\/p>\n

The company has raised $165 million to date, according to data from TheTie. Its latest Series C funding round was led by Thoma Bravo and saw participation from giants including Morgan Stanley, StarkWave, and Franklin Templeton India.<\/p>\n

Read More: Kraken to Buy NinjaTrader for $1.5B to Enter U.S. Crypto Futures Market<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Figment, a major player in blockchain staking services, is actively looking to buy companies in a spree of crypto industry consolidation sparked by renewed optimism over U.S. regulatory clarity. The Toronto-based firm is targeting acquisitions between $100 million and $200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25338","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25338"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25338\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}