B2C2, majority-owned by SBI Holdings, has engaged in takeover talks but faces valuation hurdles amid a challenging crypto market.
Crypto market maker B2C2 has held sale discussions with multiple potential buyers over the past 18 months, seeking a valuation exceeding $1 billion. The firm, 90% owned by Japan’s SBI Holdings, has attracted interest but faces challenges in securing its desired price amid current market conditions.
Valuation has been a key obstacle, with sources indicating that achieving a $1 billion deal may be difficult given the state of the crypto market. Discussions have involved partial or full sales, though it remains unclear if any talks are still active. B2C2 and SBI Holdings have not commented on the matter.
The talks occur as the digital asset industry undergoes consolidation, with firms pursuing acquisitions to expand institutional offerings and scale operations. B2C2’s potential sale reflects broader trends in the sector as companies seek growth opportunities.