Bullish agreed to acquire Equiniti in a $4.2 billion deal combining its tokenization stack with the global transfer agent’s infrastructure.
MARA will acquire an Ohio natural gas plant operator for $1.5 billion, shifting from bitcoin mining to digital infrastructure.
Tether has proposed that Twenty One Capital, a NYSE-listed bitcoin treasury venture, merge with Strike and Elektron Energy.
eToro has agreed to acquire crypto wallet startup Zengo for $70 million, adding self-custody and Web3 capabilities after a New York debut.
CoinShares joins a growing wave of crypto firms tapping U.S. public markets after its $1.2 billion SPAC merger announced last September.
Founded in the 1990s, PayPal is considered a pioneer in facilitating internet payments and normalizing digital wallets.
Last August, Bloomberg reported MARA would pay $168 million in cash to secure a 64% stake in Exaion from EDF Pulse Ventures.
Immunova is exercising a call option to acquire iOx Therapeutics Limited, a wholly owned AlphaTON subsidiary that develops cancer treatments.
David Bailey's bitcoin treasury company Nakamoto has agreed to acquire two other David Bailey-related companies, including BTC Inc.
Bakkt is continuing its strategic pivot to provide “B2B2C” turnkey operator services through a stablecoin infrastructure acquisition.
Industry insiders expect deal momentum to continue into 2026, driven by consolidation, targeted acquisitions, and a still-open IPO window.
The deal follows Coinbase’s recent rollout of prediction markets on its platform and is expected to close in January.
The acquisition expands Hilbert's systematic trading toolkit as institutional demand for quant-driven crypto exposure continues to grow.
Twenty One wants to distinguish itself from pure bitcoin-holding firms by pushing into brokerage, credit, and other financial services.
Solmate previously announced plans for an aggressive M&A strategy to bolster its treasury and staking operations.
The Hyperliquid digital asset treasury told the SEC in October it wants to raise up to $1 billion to fund its HYPE accumulation strategy.
W3C Corp is the parent entity of Baanx and Monavate, which offer card and payments infrastructure services for fintech and crypto clients.
Vector’s tech will plug into Coinbase’s DEX integration, while Tensor Labs shifts its NFT marketplace and TNSR token to Tensor Foundation.
Beyond its treasury, AlphaTON highlighted progress on several ecosystem acquisitions tied to the Telegram and TON mini-app economy.
Rumble has signed a merger agreement with Northern Data, following the divestment of its Bitcoin mining subsidiary, Peak Mining.
If the merger is completed, Animoca would own the vast majority of Currenc and assume its listing on the Nasdaq.
CORZ holders rejecting the merger shows that bitcoin miners’ infrastructure is becoming a lucrative key to the AI data-center boom.
The deal would extend Mastercard’s crypto reach from payments into the core infrastructure powering stablecoins and tokenization.
XRP is the fifth-largest cryptocurrency with a market cap of nearly $150 billion and a fully diluted valuation of $246 billion.
It came as part of its proposed merger with M3-Brigade Acquisition V Corp, a Nasdaq-listed blank-check company.
The combined company will hold nearly 11,000 BTC once finalized, making it the 12th-biggest publicly-traded corporate bitcoin treasury.
Strive has agreed to acquire Semler Scientific in an all-stock merger, become a 10,900+ BTC treasury amid DAT consolidation.
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 values CoinShares at $1.2 billion pre-money, positioning it as one of the largest publicly traded digital asset managers.
Thumzup also said it is expanding its crypto treasury to include Dogecoin, Litecoin, Solana, XRP, ether and USDC.