Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms
The post Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms appeared on BitcoinEthereumNews.com.
Figment Acquisitions:- Crypto deals this year are on surge led by Mergers & Acquisitions. The bullish market momentum, pro-crypto regulations and increasing investor confidence is accounting for this. In another similar market update coming from the leading staking giant Figment, the firm has announced eyeing million dollar acquisitions in the industry. According to a Bloomberg report, crypto staking firm is targeting mergers and acquisitions of smaller crypto-focused firms. Figment CEO Lorein Gobel who is leading his fourth startup now, said in a recent interview, “I really just want to see how far we can take it at this point”. Before co-founding Figment in 2018, Gobel had founded and lead three firms – Interlog, Bird on a Wire Networks, pingg.com, a Social networking/messaging startup. Notably, the Canada-based crypto staking services provider Figment raised $110 million in its latest Series C funding round in the year 2021. But CEO Lorein says, “now it is 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 the acquisitions would be between $100M–$200M. Figment is likely seeking to acquire small crypto projects, with the terms sheet already out, according to the CEO Lorein Gobel. The firm’s core business operations are in providing non-custodial staking services for PoS blockchains. This includes Ethereum, Solana, Cosmos, Polkadot. Accordingly, it can be eyeing acquisition of mid-sized staking and infrastructure boutiques. This can constitue validator operators, API/tooling startups, and regional specialists on high-growth PoS networks. Such projects can easily bolt onto its institutional staking platform and accelerate its…
Filed under: News - @ May 6, 2025 6:28 pm