CoinGecko's founder denied reports that the company is considering a roughly $500 million sale and said it has not engaged Moelis as an adviser. The clarification arrives as M&A activity and valuations heat up across the crypto industry.
In November, Wall Street investors put $500 million into Ripple, lifting its valuation to $40 billion and marking a major institutional vote of confidence. The investment includes sell-back rights with predetermined returns and priority claims for investors in a sale or insolvency.
Revolut reached a $75 billion valuation after a secondary share sale led by Coatue, NVIDIA and Fidelity, the London-based fintech said Monday. The deal reflects strong investor appetite for established fintechs with crypto offerings and provides liquidity to early shareholders.
Kraken said it raised $800 million in a funding round valuing the exchange at $20 billion, signaling strong investor appetite for crypto infrastructure. The deal, announced Tuesday, positions Kraken to accelerate growth and compliance efforts.
Thinking Machines Lab, the AI startup founded by ex-OpenAI executive Mira Murati, is reportedly in early talks to raise a funding round at about a $50 billion valuation, Bloomberg said Thursday. The company and valuation are still unconfirmed as talks continue.