Acquisition

After purchasing 13,390 BTC for $1.34 billion, Strategy now holds 568,840 bitcoins worth $58.5 billion—solidifying its position as a leading institutional Bitcoin holder and signaling growing confidence in BTC as a strategic treasury asset.

Bitcoin and crypto exchange Coinbase has agreed to acquire derivatives trading platform Deribit for $2.9 billion, marking the largest acquisition in the industry's history.

The preliminary acquisition agreement has fallen through, leaving considerable uncertainty in regards to Prime Trust’s future.

Although details of the deal are not yet available, the acquisition would combine two major industry custodians.

The acquisition means Pocket Bitcoin now has its own in-house wallet app for users looking to buy bitcoin using the service.

Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.

The world’s largest exchange said on Wednesday that it will not pursue the potential acquisition of Sam Bankman-Fried’s FTX.

FTX is in accumulation mode with the market near rock bottom. Although it’s a fire sale in the market right now, some institutions are well past saving.

The mining company has also signed a separate $54 million financing agreement with NYDIG.

In the largest-ever acquisition of a bitcoin services company, Galaxy Digital is buying BitGo for $1.2 billion.