Making a crypto deal in America passes through the roof after Trump kicked old garbage policies. Companies are in a hurry to take advantage of the easier regulations and hope that more regular people jump into crypto.
Last week, the market was that -with a big new player: twenty -one capital, a bitcoin company that planned to go public through a $ 3.6 billion integration with a spac led by Brandon Lutnick, son of Commercial Secretary and closed Trump Ally Howard Lutnick.
Twenty -one is supported by the Tether and Softbank Group. The company's plan is simple but risky: it will buy the billions of Bitcoin's billion dollars and get a loan to buy more. Strategy, the software company that has become itself in a bitcoin whale, first pushed this model.
Twenty -one $ 3.6 billion deals are the third deal in crypto leading $ 1 billion in the last two months. Earlier this month, Ripple signed a $ 1.25 billion agreement to buy Prime Broker Hidden Road. Ripple has a great bet that institutional investors want a larger crypto market cut.
In March, the Crypto Exchange Kraken made its own move, locked in a $ 1.5 billion purchase of Futures Broker Ninjatrader, creating one of the biggest connections between crypto platforms and traditional finances.
Crypto companies bet significantly in the new US regulation environment
While regular integration and acquisition activity drags, the crypto world moves rapidly. Galaxy Digital is preparing for a direct list in NASDAQ in mid -May after finally getting a green light from Sec. The Galaxy has been listed in the Toronto Stock Exchange since 2021, but keep that list even after it has been hit by NASDAQ.
So far this year, 88 crypto deals have closed, worth $ 8.2 billion. In comparison, 2024 saw 188 deals but only $ 2.9 billion. Eric Risley, founder of Architect Partners, Says“There is optimism that has finally changed things.”
Risley said the larger crypto company returns to growth mode and uses acquisitions to get bigger. He added that 2025 could break the all-time record for the Crypto Deal-Making set in 2021 when deals hit $ 17 billion.
Two years ago, crypto deals collapsed after the FTX exploded and the regulators dropped dramatically. But now, with Trump returning to charge, there is a different vibe. The bankers and counselors look forward to a huge wave of crypto deals.
Trump has loaded regulatory agencies to people who are friendly in crypto and has promised to make America “unmistakable bitcoin superpower.” Congress, under Republican control, also drives laws to give digital assets a true legal framework.
Masayoshi Son's Softbank is Heavy backbone twenty -one. The company plans to kick off operations with nearly $ 4 billion worth of bitcoin, From Tether, Bitfinex (brother Tether's brother), and softbank. Tether and Bitfinex will be owned by most twenty -one, and the company said it plans to raise another $ 585 million to pick up more bitcoin.
Companies using this method have thrown a huge amount of Bitcoin on their balance sheets and even borrow money to buy more, gambling that the price of bitcoin continues to climb. The approach is to crack up more than $ 50 billion worth of bitcoin, making it the largest holder of corporate bitcoin.
Shares of Cantor Equity Partners, the spac twenty -one are used to go public, almost three times since the news news broke. Spacs are shells built for the sole purpose of integrating with private companies who want to go public without going through a traditional IPO.
Not everyone thinks that this plan is smart. Veterans on Wall Street have warned that buying and handling only bitcoin is a dangerous game. Bitcoin's crashing has wiped out fortunes before. The approach itself posted a brutal $ 5.91 billion loss for the quarter ended in March because the price of Bitcoin dropped dramatically.
Tesla also reported a $ 125 million loss earlier this week at its Bitcoin stash. Elon Musk's electric car electric car has previously said that buying bitcoin back in 2021, it is expected to pay, but it has been a rocky ride ever since.
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