As crypto mergers accelerate in 2025, staking platform Figment is stepping up with a bold move: it’s looking to acquire smaller crypto firms in deals worth between $100 million and $200 million.
The Canadian-based company, which currently oversees $15 billion in staked crypto assets, says it’s actively seeking to acquire regional players — especially those with strong operations in Asia and South America, or a solid presence in top blockchain ecosystems like Cosmos and Solana.
No Interest in Selling — Only Growing
Figment’s CEO Lorien Gabel made it clear: the company isn’t looking to raise new capital or entertain buyout offers. Instead, it’s laser-focused on expansion through acquisitions.
“We’ve already sent out term sheets and are actively scouting for smaller staking providers,” Gabel said in a recent interview.
With around 150 employees, Figment is one of the largest players in the crypto infrastructure space — and it’s betting big on growth as the industry enters a new phase of maturity.
Positioning for Ethereum ETF Boom
Part of Figment’s expansion strategy includes preparing for a U.S. regulatory shift that could allow staking through Ethereum-based ETFs. If greenlit, it could unlock a massive institutional market for staking services — and Figment wants to be ready.
Crypto M&A Heating Up Post-Trump Win
This news comes amid a sharp rise in crypto mergers and acquisitions, especially after former President Donald Trump’s return to office brought a more favorable stance on digital assets. According to Architect Partners, the crypto M&A market has already crossed the $2 billion mark in Q1 2025, the highest in recent years.
Other major deals this year include:
- Ripple’s $1.25B purchase of crypto broker Hidden Road
- Kraken’s $1.5B acquisition of futures platform NinjaTrader
- Phantom acquiring NFT data firm Simple Hash
Meanwhile, Coinbase is reportedly in talks to acquire crypto derivatives exchange Deribit, a move that could reshape the competitive landscape.
Final Thoughts
With crypto markets stabilizing and regulation slowly catching up, companies like Figment are taking the opportunity to consolidate the ecosystem. Its aggressive acquisition strategy signals confidence not just in staking, but in the broader future of blockchain infrastructure.
As the industry continues to mature, expect more deals — and bigger players — to emerge.
