As crypto mergers and acquisitions (M&A) speed up, crypto staking powerhouse Figment is actively looking for acquisition prospects in the blockchain and crypto business. Focusing on crypto-native enterprises with great regional dominance—especially in Asia and South America- the Canada-based company aims to reach agreements of between $100 million and $200 million.
Figment Backs Cosmos and Solana
A recent Bloomberg article claims that Figment is particularly drawn to companies like Cosmos (ATOM) and Solana (SOL), which have established a commanding presence in important blockchain ecosystems. These initiatives fit Figment’s long-term expansion plan since they are known for their scalability and developer activity.
Currently controlling staked crypto assets valued over $15 billion and running a staff of almost 150, Figment has no plans for acquisition or capital raising. Instead, CEO and co-founder Lorien Gabel said the business has already released term sheets and is “actively looking to acquire smaller providers”.
Crypto M&A Hits $2B in Q1 2025
The future expansion plan of the company depends on U.S. regulatory clarity, particularly concerning Ethereum ETF staking, a development that might significantly influence the staking industry. Once the regulatory doors open, Figment wants to increase its U.S. activities and solidify itself in the changing scene of blockchain architecture.
This action by Figment represents a more general sector trend. Particularly after Trump’s presidential victory, some believe the hot crypto M&A market has rebuilt investor trust. Data from Architect Partners shows that in the first quarter of 2025, M&A deals in cryptocurrencies topped $2 billion, the largest figure ever recorded in such a period.
Recent headline-making deals underscore the spike:
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Ripple (XRP) acquired crypto broker Hidden Road for $1.25 billion
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Kraken bought futures trading platform NinjaTrader in a $1.5 billion deal
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Phantom snapped up NFT data provider Simple Hash in late February
Coinbase is allegedly in advanced negotiations to purchase top cryptocurrency derivatives exchange Deribit in the meantime. Although Kraken had already considered a similar action, it is yet unknown whether Coinbase will complete the purchase.
Figment presents itself as a consolidator in the field, so all eyes are on how this strategic drive will change the staking and blockchain infrastructure market in the following months.
Summary
Aiming for purchases between $100M—$200M, Crypto Staking Firm Figment is actively seeking acquisitions in the blockchain and crypto space with an eye toward Asia and South America. Because of their scalability and active development communities, Figment sees Backing networks like Cosmos (ATOM) and Solana (SOL) as essential for its long-term expansion.
Figment offers term sheets to purchase smaller staking providers, not raising funds, given over $15B in staked assets and 150 workers. The company’s expansion plans rely on U.S. regulatory clarity, particularly concerning Ethereum ETF staking.
