Those tokens are worth around $876 million at current prices, making GDC among the top 15 largest publicly traded bitcoin holders.
The unit will be led by Jorge Schnura, CEO and co-founder of Turing Capital, an alternative investment fund manager acquired by Keyrock.
MoonPay said that the deal supports its goal of building an international crypto payments network under a unified regulatory framework.
The company also announced a $450 million at-the-market offering and a $500 million stock repurchase program.
The two companies will reportedly use the proceeds to purchase AVAX cryptocurrency from the foundation at a discounted price.
Shares of ASST closed Tuesday's session up 17% and were up another 35% in after-hours trading on news of the merger approval.
The deal is Coinbase's seventh acquisition or acquihire of 2025, underscoring its aggressive push to build the "everything exchange."
The deal values CoinShares at $1.2 billion pre-money, positioning it as one of the largest publicly traded digital asset managers.
Breakout was founded by four crypto industry veterans: TraderMayne, CryptoCred, Alex Miningham, and Abetrade in 2023.
Thumzup also said it is expanding its crypto treasury to include Dogecoin, Litecoin, Solana, XRP, ether and USDC.
Shareholders in Gryphon, the firm that will merge with a Hut 8 subsidiary to form American Bitcoin company, approved the plan.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Avail, a modular blockchain infrastructure project backed by Peter Thiel’s Founders Fund and other notable investors, has acquired Arcana, a chain abstraction protocol, in a deal aimed at boosting multichain scalability. The acquisition is Avail’s first and will see Arcana’s chain abstraction and developer tools folded into the Avail tech stack. As part of the […]
Crypto security company Kerberus has acquired Refract, the makers of an anti-fraud browser extension for wallets, in a seven-figure deal.
The Wormhole Foundation is looking to counter an offer made by cross-chain messaging rival LayerZero to purchase Stargate.
Operations and development for StakedHYPE move to Valantis Labs; StakedHYPE founder Addison Spiegel joins Valantis as an advisor.
The Trump Jr.-backed Thumzup raised $50 million in July in a common stock offering to purchase tokens and invest in crypto mining.
Chamath Palihapitiya's latest special purpose acquisition company, American Exceptionalism, could take a DeFi company public.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase completed its acquisition of Deribit, positioning it as the global leader in crypto derivatives by open interest and options volume.
If the deal moves forward, MARA will pay $168 million in cash to secure a 64% stake in Exaion, the data firm with a foot in AI.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Rumble announced its intent to acquire Northern Data in an all-stock transaction, with the deal valued at approximately $1.17 billion.
Two Seas Capital described the valuation as "inadequate" and urged other Core Scientific shareholders to also oppose the deal.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ripple will buy payments platform Rail for $200 million, adding 10% of global stablecoin payment flow to its network as U.S. regulations mature.
The move follows an abundance of companies engineering ways to pursue the Bitcoin treasury model pioneered by Michael Saylor's Strategy.
President Trump's eldest sons have an approximately 20% stake in American Bitcoin through American Data Centers.
The crypto wallet provider said to "expect more strategic acquisitions" as the company looks to expand its reach.
Polymarket says it's coming back to the U.S. in buying derivatives exchange QCEX after a federal investigation was dropped.