Launch of payment software launched in San Francisco last month Bolt announced that it is acquiring the launch of crypto and blockchain software Weir for $ 1.5 billion. (The deal made us think about the growth of mergers and acquisitions involving crypto startups from 2020. Meanwhile, Bolt faces challenges, including declining revenue growth, my colleague Malik Morris said in this story.)
The chart above shows the global, quarterly amount spent on M&A for transactions involving crypto companies that have disclosed the amount of the deal, according to data firm Crunchbase. As the red bars show, demand from a number of companies to acquire crypto companies skyrocketed last year as banks and other companies looked to buy their way into the thriving crypto industry. The total value of the deal of $ 2.7 billion for 2021 is 17 times more than $ 157 million in 2020.