Figment Plans $100M-$200M Acquisitions Amid Crypto Deal Surge

Crypto staking firm Figment is actively pursuing acquisitions in the $100 million to $200 million range, aiming to capitalize on a surge in mergers and acquisitions across the digital asset industry. The company is particularly interested in acquiring projects with strong regional footholds, especially in Asia and South America, or those dominant in key blockchain ecosystems like Cosmos and Solana. Figment currently manages around $15 billion in staked assets, employs about 150 people, and is not seeking to raise new capital or sell itself. CEO Lorien Gabel says the firm already has term sheets out for potential deals, reflecting broader industry consolidation driven by renewed optimism and regulatory clarity in the U.S. under the Trump administration. Recent comparable deals in the crypto sector include Ripple’s $1.25 billion purchase of Hidden Road and Kraken’s $1.5 billion acquisition of NinjaTrader. Figment’s strategy aligns with a wider trend as firms seek to strengthen their market positions and technological capabilities through acquisitions.