Odaily Planet Daily reports that B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has engaged in acquisition talks with multiple potential buyers over the past 18 months. The negotiations have been impacted by valuation disagreements; B2C2 is seeking a transaction price exceeding $1 billion, a figure that, according to a person familiar with the matter, is difficult to achieve given the current crypto market environment. These talks occur against the backdrop of consolidation in the digital assets industry, as multiple companies seek to expand their institutional businesses and scale through acquisitions. (CoinDesk)
Crypto Market Maker B2C2 Seeks Valuation Exceeding $1 Billion Amid Acquisition Talks
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Summary
Crypto market maker B2C2, 90% owned by SBI Holdings, is in acquisition talks with multiple potential buyers after 18 months of discussions. B2C2 is seeking a valuation above $1 billion—a target considered challenging in today’s crypto market. These talks coincide with ongoing market consolidation, as firms aim to enhance their institutional scale and operations.
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