ME News reports that on July 24 (UTC+8), B2C2, a crypto market maker under Japan’s SBI Holdings, engaged in negotiations over the past 18 months with multiple potential buyers regarding a possible sale of part or all of its equity; it remains unclear whether discussions are still ongoing. Sources indicate that valuation differences have been the primary obstacle, with B2C2 seeking a valuation exceeding $1 billion—a figure challenging to achieve in the current market environment. A B2C2 spokesperson declined to comment, and SBI did not respond to requests for comment as of publication. B2C2, established in 2015, is an institutional crypto market maker and liquidity provider. SBI Holdings acquired a 90% stake in B2C2 in December 2020. Last month, SBI Holdings announced its acquisition of Japanese crypto exchange Bitbank for approximately $289 million. (Source: Foresight News)
B2C2 in Talks with Multiple Buyers for Over $1 Billion Valuation
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Summary
B2C2, a crypto market maker under SBI Holdings and a key altcoin player to watch, has been in negotiations with multiple potential buyers for over 18 months. The company is seeking a valuation above $1 billion, but talks have stalled due to disagreements over pricing. B2C2 has remained silent, and SBI has not issued any comment. The firm was acquired by SBI in late 2020. Market sentiment, as reflected in the Fear & Greed Index, remains a critical factor in potential deals.
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