Crypto staking company, Figment, claims it is on the hunt for acquisition targets in the blockchain and crypto sector. It is currently eyeing $100 million to $200 million deals as crypto mergers spike.
According to a recent Bloomberg report, the crypto staking firm is targeting crypto-focused projects that hold a strong regional presence, preferably in Asia or South America. Additionally, the company is also interested in projects that have managed to establish a “dominant” position in major blockchains such as Cosmos
At the moment, the company’s acquisition budget ranges somewhere between $100 million and $200 million. The Canada-based company currently has around 150 employees and oversees staked crypto assets valued at approximately $15 billion. Shortly, it hopes to expand its business operations in the U.S. once regulators decide to open the staking market to Ethereum ETFs.
Figment Co-Founder and Chief Executive Officer Lorien Gabel said the company currently has no plans to raise its funding and is not looking to be bought by a larger firm. Instead, it is setting its sights on acquiring smaller players in the industry.
“We have term sheets out and we’re actively looking to acquire smaller providers,” said Gabel in his statement.
Figment’s ongoing acquisition plans reflect a much broader trend in the crypto industry, where crypto mergers and acquisitions have been on the rise after Trump’s presidential win. Data from Architect Partners reveals that crypto mergers and acquisitions value has broken through the $2 billion threshold, hitting its highest levels in the first quarter of 2025.
So far, recent acquisitions include Ripple’s
As previously reported by crypto. news, Coinbase is currently in talks to acquire leading crypto derivatives exchange Deribit. Kraken has also leaned towards a purchasing bid for Deribit in the past. It remains to be seen whether Coinbase will follow through with the deal or not.