Crypto Dealmaking Reaches All-Time High as VC Funding Remains Scarce
- First three months of the year logged 54 transactions
- Firms that struggled to raise funds put themselves up for sale
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Crypto firms that survived the industry’s steep downturn in 2022 are now engaged in a flurry of dealmaking they hope will better prepare them for the next boom.
The number of mergers and acquisitions among digital-asset firms set a quarterly record in the first three months of the year, according to Architect Partners, an M&A advisory firm that has tracked such activity since 2016. There were 54 transactions in the period, almost 10% more than a year earlier, Architect revealed in a report.