Figment, a prominent player in the crypto staking sector, is on the lookout for potential acquisition targets. This activity aligns with a recent wave of mergers and acquisitions in the digital asset market, fueled by an optimistic outlook following the Trump administration’s favorable attitude towards cryptocurrency.
Lorien Gabel, CEO and co-founder of Figment, shared insights in a recent interview about the company’s plans, indicating that it is considering deals valued between $100 million and $200 million.
The firm is particularly keen on acquiring projects that have established strong positions in regions like Asia and South America, as well as those that excel within major blockchain ecosystems such as Cosmos and Solana.
“We have term sheets out and we’re actively looking to acquire smaller providers,” Gabel noted, emphasizing the increase in opportunities thanks to a clearer regulatory environment in the United States.
M&A Activity Grows Amid Regulatory Developments
The current surge in M&A activity comes at a time when the digital asset landscape is witnessing a notable uptick in transactions.
Recently, Ripple made headlines with its acquisition of the prime brokerage firm Hidden Road for $1.25 billion, while Kraken secured the trading platform NinjaTrader in a deal valued at $1.5 billion.
Additionally, Coinbase is reportedly in advanced negotiations to acquire the crypto derivatives exchange Deribit.
Headquartered in Canada, Figment focuses on assisting institutions with staking their cryptocurrency holdings—a process that not only secures blockchain networks but also helps generate yield.
The company manages roughly $15 billion in staked assets and employs a workforce of around 150 individuals.
Gabel expressed optimism regarding the potential approval of exchange-traded funds (ETFs) for Ether that would facilitate staking, suggesting that this could bring additional upside for the firm.
Best Funding Rounds Of April
There were 93 funding rounds in April, totaling $2.37B. Here are the main ones:@Auradine_Inc – $153M@LayerZero_Core – $55M@AlpacaHQ – $52M@NousResearch – $50M@blackbird_xyz – $50M@wunder_social – $50M@meanwhilelife – $40M@symbioticfi – $29M… pic.twitter.com/mkN7ex2ry8
— Fundraising Digest (@CryptoRank_VCs) May 3, 2025
Currently, ETFs already hold about $6.3 billion in assets, and the addition of staking support could further escalate demand.
Despite its robust growth, Figment does not plan to raise further capital or consider selling the company at this time.
The firm’s last funding round, conducted in 2021, secured $110 million and was led by private equity firm Thoma Bravo, which occupies a board seat.
“I really don’t want to sell,” Gabel declared. “This is my fourth startup. I’d rather go to zero than sort of have a single or double, to use a baseball metaphor. So I really just want to see how far we can take it at this point.”
Venture Capital Investment in Crypto Reaches $4.9B in Q1 2025
According to a recent report from Galaxy, venture capital investment in the cryptocurrency sector surged to $4.9 billion in the first quarter of 2025, marking the most active fundraising period for the industry since late 2022.
This increase represents a 40% rise from the previous quarter, with 446 deals closed, indicating a 7% uptick in overall deal volume.
While the impressive total highlights renewed confidence from investors in digital assets, a significant portion of this funding stemmed from a single transaction: MGX’s $2 billion investment in Binance, which accounted for over 40% of the total capital raised during the quarter.
Without this deal, funding would have amounted to $2.8 billion, reflecting a 20% decrease compared to Q4 2024.
Nonetheless, the Binance transaction has reshaped the funding landscape, elevating the Trading, Exchange, Lending, and Investing category to the forefront with $2.55 billion raised—a 47.9% increase.
Excluding the Binance deal, the DeFi sector would have dominated the quarter with $763 million in funding.
The post Figment Eyes $100M to $200M Acquisitions Amid Crypto M&A Surge appeared first on Finance Newso.
