Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms

Figment Acquisitions:- Crypto deals this year are on surge led by Mergers & Acquisitions. The bullish market momentum, pro-crypto regulations and increasing investor confidence is accounting for this.

In another similar market update coming from the leading staking giant Figment, the firm has announced eyeing million dollar acquisitions in the industry.

According to a Bloomberg report, crypto staking firm is targeting mergers and acquisitions of smaller crypto-focused firms.

Figment CEO Lorein Gobel who is leading his fourth startup now, said in a recent interview, “I really just want to see how  far we can take it at this point”.

Before co-founding Figment in 2018, Gobel had founded and lead three firms – Interlog, Bird on a Wire Networks, pingg.com, a Social networking/messaging startup.

Notably, the Canada-based crypto staking services provider Figment raised $110 million in its latest Series C funding round in the year 2021. But CEO Lorein says, “now it is not looking to raise rather acquire.”

What Kind of Crypto Firms is Figment Looking to Acquire

Figment as a leading proof-of-stake (PoS) infrastructure provider serves institutional clients in the blockchain space. It currently manages more than $15 billion in staked assets. 

And now the firm is reportedly looking to acquire projects that have dominant status on blockchains like Solana or Cosmos. The range of the acquisitions would be between $100M–$200M.

Figment is likely seeking to acquire small crypto projects, with the terms sheet already out, according to the CEO Lorein Gobel.

The firm’s core business operations are in providing non-custodial staking services for PoS blockchains. This includes Ethereum, Solana, Cosmos, Polkadot. 

Accordingly, it can be eyeing acquisition of  mid-sized staking and infrastructure boutiques. This can constitue validator operators, API/tooling startups, and regional specialists on high-growth PoS networks.

Such projects can easily bolt onto its institutional staking platform and accelerate its leadership in the Web3 infrastructure space.

Figment was valued at $1.4 billion in a 2024 financing by Thoma Bravo, Counterpoint Global (Morgan Stanley), Franklin Templeton, and Avon Ventures (Fidelity).

With $100-$200 million acquisitions, it is effectively willing to deploy between 7 % and 14 % of its current valuation on strategic acquisition deals.

Also Read: Jerome Powell Speech Time

Boost in Crypto Deals And M&As

Figment’s acquisition push comes amid a broader boom in crypto M&A this year. This is being credited to the developing pro-crypto environment in United States under the President Trump Administration.

So far in 2025, 88 deals totaling $8.2 billion have closed. It is nearly three times the value seen over the same period in 2024. 

Notable billion-dollar crypto deals signed this year include:

1. Kraken’s $1.5 billion purchase of NinjaTrader in March for expansion of its  exchange into retail futures trading.

2. Ripple’s $1.25 billion acquisition of Hidden Road on April 8, 2025 which became the largest crypto deal.

3. Ripple’s record was broken by subsequent and another largest crypto-related listings to date. This is the April 23 $3.6 billion SPAC merger taking Twenty One Capital public.

Thus, as Figment too eyes acquisitions and mergers, the broader ecosystem of crypto deals is set to receive a boost.

Related: Ripple Acquires Hiddenroad

Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.