As per Coincu, Public Holdings announced on November 13 the acquisition of Alto’s crypto business for $65 million. The deal, a mix of cash and stock, aims to expand Public’s asset management to $600 million and integrate Alto’s crypto IRA services by 2026. The acquisition introduces over 250 cryptocurrencies to Public’s offerings, contrasting with Fidelity’s Bitcoin-only IRAs. Public’s co-founder Leif Abraham noted the tax advantages of adjusting positions within IRAs without immediate tax implications.
Public Acquires Alto's Crypto Business for $65 Million
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