Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

December 24, 2024 Coin Telegraph

Acquisition

MoonPay is reportedly looking to acquire Helio Pay for around $150 million, adding to the crypto firm’s merchant service offerings.

Crypto payments firm MoonPay is reportedly considering acquiring crypto e-commerce platform Helio Pay for around $150 million.

MoonPay “is in talks” with Helio Pay for the estimated $150 million deal in what would be the company’s largest acquisition to date, FOX reporter Eleanor Terrett said in a Dec. 23 X post.

MoonPay markets itself as the “PayPal for crypto,” offering up a suite of crypto payments infrastructure.

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Coinbase Acquires Utopia Labs Team to Accelerate Onchain Payments

November 14, 2024 Bitcoin.com

Acquisition

Coinbase is enhancing its onchain payments capabilities with the acquisition of the Utopia Labs team, which will join Base to advance the onchain payments roadmap within Coinbase Wallet. Jesse Pollak, who is stepping up to lead both Coinbase Wallet and Base, highlighted the synergy between the two platforms, noting that Base supports developers creating onchain […]

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Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report

October 29, 2024 Coin Telegraph

Acquisition

Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.

Venture capital firm Sequoia Capital, which owns 16% of stablecoin platform Bridge, could rake in over $100 million from Stripe’s $1.1 billion acquisition deal of the firm.

Sequoia made a $19 million investment in the crypto firm’s Series A round, which took place within the last year, Bloomberg reported on Oct. 29, citing people familiar with the matter.

Other VC firms are also set for hundreds of millions of dollars in windfall from their stakes in Bridge, including Ribbit Capital, Haun Ventures, Index Ventures, and Bedrock Fund Management.

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Stripe acquires stablecoin platform Bridge for $1.1B: TechCrunch founder

October 21, 2024 Coin Telegraph

Stripe acquires stablecoin platform Bridge for .1B: TechCrunch founder

Acquisition

The deal marks one of crypto’s largest acquisitions, allowing more businesses to deal in stablecoins.

Payment processing giant Stripe has reportedly acquired stablecoin platform Bridge in a $1.1 billion deal, according to TechCrunch founder Michael Arrington.

The deal had been in “advanced stages” from at least Oct. 17, according to reports at the time, which representatives from both organizations did not address.

“This deal is done. $1.1b,” Arrington wrote in an Oct. 20 X post.

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Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities

September 12, 2024 Bitcoin.com

Acquisition

Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate […]

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Bitwise Expands European Presence Through Acquisition of ETC Group

August 19, 2024 Bitcoin.com

Acquisition

Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto […]

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Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms

August 14, 2024 Bitcoin.com

Acquisition

Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures […]

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Amazon faces UK merger probe over $4B Anthropic AI investment

August 8, 2024 Coin Telegraph

Amazon faces UK merger probe over B Anthropic AI investment

Acquisition

Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.

Amazon and artificial intelligence research firm Anthropic are being investigated as a de facto merger in the United Kingdom.

The UK’s Competition and Markets Authority (CMA) issued a formal notice on Aug. 8 announcing the inquiry’s commencement. According to documentation published on the UK government website, this marks the beginning of a “phase 1” investigation.

As Cointelegraph previously reported, UK authorities announced they were conducting preliminary investigations into partnerships between Amazon and Anthropic, Microsoft and Mistral AI, and Microsoft and OpenAI to determine whether any of the relationships had run afoul of EU regulations.

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Robinhood Q2 crypto revenue surges 161% on rising trading volume

August 8, 2024 Coin Telegraph

Acquisition

The $81 million Robinhood made in crypto revenue was more than double made from equities in Q2.

Online brokerage platform Robinhood’s crypto transaction-based revenues increased 161% year-on-year to $81 million in the second quarter amid a rise in trading volume.

The $21.5 billion in trading volume was a 137% increase from Q2, 2023, but a 40% fall from the Q1, 2024, the trading firm revealed in its Q2 financial statement on Aug. 7.

Robinhood attributed this to a downward swing in monthly active users in Q2 as crypto prices fell.

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Bitcoin miner TeraWulf is open to merger but not for ‘empire building’

July 8, 2024 Coin Telegraph

Acquisition

Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.

Bitcoin (BTC) mining firm TeraWulf says it would consider a merger if there’s an opportunity to widen profit margins—but not if it’s merely for “empire building,” according to its chief strategist.

It comes amid expectations of more mergers and acquisition offers in the mining sector following the latest Bitcoin halving.

“We will certainly consider inorganic growth opportunities through M&A [but] expanding merely for growth’s sake, or ‘empire building,’ without considering profitability makes no sense,” explained Kerri Langlais, TeraWulf’s chief strategy officer in an interview with Cointelegraph.

Acquisition

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