Figment on the Prowl: Crypto Staking Giant Eyes Big Buys in Blockchain Bonanza

From Canada to the World: Figment's Ambitious Acquisition Spree

Hang onto your hats, folks! Figment, the crypto staking powerhouse, isn't just sitting pretty with their $15 billion in staked assets. No, they're out hunting for the next big catch in the blockchain and crypto jungle. They're not playing small either—think $100 million to $200 million deals, baby! With the crypto merger scene hotter than a summer day in the Sahara, Figment's ready to gobble up some prime targets.

Rumors are swirling faster than a tornado in Texas that Figment's got their eyes locked on crypto projects with a killer presence in Asia or South America. And they're not just looking for any old project. Nope, they want the cream of the crop—the ones dominating the scene in heavyweights like Cosmos or Solana. If you're in those regions and you're ruling the blockchain roost, watch out, Figment might just come knocking!

With a war chest of $100 to $200 million, these Canadian crypto cowboys are ready to ride. They've got around 150 sharpshooters on their team, and they're not stopping there. They've got their sights set on the U.S. market, waiting for the green light on Ethereum ETF staking. Once that happens, it's game on, and Figment's ready to expand like there's no tomorrow!

Lorien Gabel, Figment's fearless leader and co-founder, made it crystal clear: they're not looking to be bought out. They're the hunters, not the hunted. And they're not even thinking about raising more cash. Nope, their focus? Snagging those smaller players in the crypto game and making them part of the Figment family.

"We've got term sheets flying out the door, and we’re on the hunt for those smaller providers," Gabel declared, sounding like a general leading a charge into battle.

Figment's shopping spree is just one piece of the bigger puzzle. The whole crypto world's buzzing with mergers and acquisitions since Trump took the presidential throne. And the numbers don't lie—Architect Partners crunched the data and found that crypto M&As smashed through the $2 billion mark in Q1 2025. It's a wild, wild west out there!

And it's not just Figment making moves. Ripple scooped up Hidden Road for a cool $1.25 billion, Kraken snagged NinjaTrader for $1.5 billion, and Phantom pounced on Simple Hash. The crypto market's turning into a feeding frenzy, and everyone wants a piece of the action.

The rumor mill's been churning out stories about Coinbase eyeing Deribit, the crypto derivatives king. And Kraken's been sniffing around Deribit too. Will Coinbase pull the trigger? Stay tuned, because in this fast-paced world of crypto, anything can happen, and it usually does!