Crypto market maker B2C2, which is 90% owned by SBI Holdings, has held acquisition talks with multiple potential buyers over the past 18 months, according to ChainCatcher. The discussions were affected by disagreements over valuation. B2C2 was seeking a deal price above $1 billion, but one person familiar with the matter said that level would be difficult to achieve in the current crypto market environment. The talks came as consolidation continued across the digital asset sector, where several companies have been using acquisitions to expand their institutional businesses and add scale. No transaction was announced in the report, and the item focused on the gap between seller expectations and what buyers may be willing to pay under current market conditions.
Crypto market maker B2C2, which is 90% owned by SBI Holdings, has been in acquisition talks with multiple potential buyers over the past 18 months, according to ChainCatcher.
The discussions were affected by valuation disagreements. B2C2 was seeking a deal price of more than $1 billion, but one person familiar with the matter said that level would be hard to reach in the current crypto market environment.
The talks took place as consolidation continued across the digital asset industry, with several companies using acquisitions to expand their institutional businesses and increase scale.
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