1/9
63 crypto M&A are recorded in H1 2022
The number increased by 40%
The total value of M&A deals is around $18B, but 80% of the deals did not public the value
π§΅Let's pan gold from rivers
63 crypto M&A are recorded in H1 2022
The number increased by 40%
The total value of M&A deals is around $18B, but 80% of the deals did not public the value
π§΅Let's pan gold from rivers
2/9
What will be covered:
β’ M&A overview
β’ M&A of top companies: Binance, FTX, Coinbase, Animoca Brands
β’ Where are we in the 4-stage market cycle?
What will be covered:
β’ M&A overview
β’ M&A of top companies: Binance, FTX, Coinbase, Animoca Brands
β’ Where are we in the 4-stage market cycle?
3/9
No correlation between the #Bitcoin price and the number of M&A deals
No correlation between the #Bitcoin price and the number of M&A deals
4/9
@binance did not carry out any M&A in H1 2022
Binance concluded 7 M&A deals in 2018-2022 when the market was about to skyrocket
At that time, crypto companies' valuation was yet to be inflated
@binance did not carry out any M&A in H1 2022
Binance concluded 7 M&A deals in 2018-2022 when the market was about to skyrocket
At that time, crypto companies' valuation was yet to be inflated
5/9
@FTX_Official acquired Embed Financial, Bitvo, and Liquid Group
Like Binance, FTX took advantage of bearish sentiments to start deploying money for M&A
FTX's founder, @SBF_FTX, also focused on potentially insolvent companies such as Celsius, Voyager, BlockFi, etc.
@FTX_Official acquired Embed Financial, Bitvo, and Liquid Group
Like Binance, FTX took advantage of bearish sentiments to start deploying money for M&A
FTX's founder, @SBF_FTX, also focused on potentially insolvent companies such as Celsius, Voyager, BlockFi, etc.
6/9
@Coinbase only acquired @thefairxchange in H1 2022
Before the IPO, Coinbase made 10 M&A deals
After the IPO, it concluded 5 M&A deals
Coinbase's M&A streak seems to slow down
@Coinbase only acquired @thefairxchange in H1 2022
Before the IPO, Coinbase made 10 M&A deals
After the IPO, it concluded 5 M&A deals
Coinbase's M&A streak seems to slow down
7/9
@animocabrands went on an acquiring spree in H1 2022
It has made 21 acquisitions, mostly NFT/GameFi companies
Animoca Brands is the most active VC in the GameFi category
@animocabrands went on an acquiring spree in H1 2022
It has made 21 acquisitions, mostly NFT/GameFi companies
Animoca Brands is the most active VC in the GameFi category
8/9
We're in the growth stage of the crypto market, which is before the maturity
More M&A means the market is going to the maturity state
The number of M&A might decrease in H2 2022 due to bearish sentiments
The aforementioned companies are likely to close more M&A deals
We're in the growth stage of the crypto market, which is before the maturity
More M&A means the market is going to the maturity state
The number of M&A might decrease in H2 2022 due to bearish sentiments
The aforementioned companies are likely to close more M&A deals
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