A cryptocurrency-friendly White House has kicked off a wave of digital asset megadeals.
As The Wall Street Journal (WSJ) reported Saturday (April 26), these deals are happening as crypto companies aim to make the most of relaxed U.S. regulation and the potential for increased mainstream interest in their industry.
Among the recent deals was the launch of Twenty One Capital, a new bitcoin company that aims to go public through a $3.6 billion merger with a special purpose acquisition company (SPAC) headed by Brandon Lutnick, son of Commerce Secretary Howard Lutnick.
This is the third crypto deal valued at more than $1 billion to be announced in the past few weeks, the report added. Also in April, Ripple said it was acquiring prime broker Hidden Road for $1.25 billion. And in March, Kraken reached a $1.5 billion deal for futures broker NinjaTrader in March, which WSJ characterized as one of the largest tie-ups ever between…
