B2C2 seeks valuation of over $1 billion, has held talks with multiple potential acquirers over the past 18 months

Odaily Planet Daily reported that B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has engaged in acquisition negotiations with multiple potential buyers over the past 18 months.

The negotiations have been affected by valuation disagreements. B2C2 is seeking a transaction price exceeding $1 billion. A source indicated that such a price is difficult to achieve under the current crypto market environment.

These negotiations are taking place against the backdrop of consolidation in the digital asset industry, with multiple companies seeking to expand their institutional businesses and increase scale through acquisitions.