B2C2 Seeks Acquisition at $1 Billion Valuation Amid Crypto Market Challenges

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B2C2, a crypto market maker owned by SBI Holdings, is seeking a $1 billion valuation in acquisition talks. The company has engaged with multiple potential buyers over the past 18 months, but negotiations have stalled due to disagreements over pricing. Achieving a deal at this valuation remains difficult amid the current market conditions. The discussions reflect broader trends in the crypto market, with firms aiming to drive institutional growth through consolidation.

ChainThink reports that, on July 24, according to CoinDesk, B2C2, a cryptocurrency market maker in which SBI Holdings holds a 90% stake, has been in sale negotiations with multiple potential acquirers over the past 18 months.

The negotiations have been primarily affected by valuation discrepancies. B2C2 is seeking a transaction price exceeding $1 billion, but a person familiar with the matter said this price is difficult to achieve given the current crypto market environment.

The related negotiations are taking place against the backdrop of consolidation in the digital assets industry, with multiple companies expanding their institutional businesses and increasing scale through acquisitions.

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