Crypto staking firm Figment eyes $100m to $200m acquisition deals with ‘smaller providers’

By: bitcoin ethereum news|2025/05/06 23:00:04

Crypto staking company, Figment, claims it is on the hunt for acquisition targets in the blockchain and crypto sector. It is currently eyeing $100 million to $200 million deals as crypto mergers spike. According to a recent Bloomberg report, the crypto staking firm is targeting crypto-focused projects that hold a strong regional presence, preferably in Asia or South America. Additionally, the company is also interested in projects that have managed to establish a “dominant” position in major blockchain such as Cosmos (ATOM) or Solana (SOL). At the moment, the company’s acquisition budget ranges somewhere between $100 million and $200 million. The Canada-based company currently has around 150 employees and oversees staked crypto assets valued at approximately $15 billion. In the near future, it hopes to expand its business operations in the U.S. once regulators decide to open the staking market to Ethereum ETFs. Figment Co-Founder and Chief Executive Officer Lorien Gabel said the company currently has no plans to raise its funding and is not looking to be bought by a larger firm. Instead, it is setting its sights on acquiring smaller players in the industry. “We have term sheets out and we’re actively looking to acquire smaller providers,” said Gabel in his statement. Figment’s ongoing acquisition plans reflect a much broader trend in the crypto industry where crypto mergers and acquisitions have been on the rise after Trump’s presidential win. In fact, data from Architect Partners reveal that crypto mergers and acquisitions value has broken through the $2 billion threshold, hitting its highest levels in the first quarter of 2025. So far, recent acquisitions include Ripple (XRP) purchasing crypto broker Hidden Road for $1.25 billion, Kraken’s $1.5 billion acquisition of futures trading platform NinjaTrader, and Phantom buying out NFT data platform Simple Hash in late February. As previously reported by crypto.news, Coinbase is currently in talks to acquire leading crypto derivatives exchange Deribit. Kraken has also leaned towards a purchasing bid for Deribit in the past. It remains to be seen whether Coinbase will follow through with the deal or not. Source: https://crypto.news/crypto-staking-firm-figment-eyes-100m-to-200m-acquisition-deals-with-smaller-providers/

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins