Architect Partners’ reports revealed that mergers and acquisitions (M&A) hit an all-time high in Q1 2023. Are crypto firms looking for an exit?

According to a Bloomberg article, there were 54 transactions related to crypto M&A deals in the first quarter of 2023. The article cites data from Architect Partners, an M&A advisory firm.

The crypto M&A exceeded the previous record of 53 deals from Q4 2021 when Bitcoin hit an all-time high of $69,000.

Crypto Firms Resorting to M&A as an Exit?

Michael Ashe, the head of investment banking at Galaxy Digital, said, “Companies that would have been able to raise capital in a bull market are finding it difficult to do so now and are turning to M&A as an exit.”

The statistic that approximately 65% of the mergers and acquisitions in the last quarter were initiated by one crypto company acquiring another, mentioned in the Architect’s report, could potentially strengthen Ashe’s comment.

The report also revealed that private crypto financing decreased from $12 billion in Q1 2022 to $3 billio

Go to Source to See Full Article
Author: Harsh Notariya

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details