SBI Considers Worth $100M Sale of Minority Stake in Crypto Giant B2C2
- SBI considers a $100M sale of a minority stake in crypto firm B2C2.
- The potential sale would not result in a full divestment from B2C2.
- SBI denies reports, but remains open to a strategic minority stake sale.
SBI Financial Services, a subsidiary of Japans SBI Holdings, is exploring options to sell its stake in the cryptocurrency market maker B2C2. Sources familiar with the matter have disclosed that the deal could be worth $100 million. The company is reportedly in talks with various potential buyers.
In December 2020, SBI Holdings purchased a 90% stake in B2C2 which boosted its expansion into the digital assets market. The acquisition positioned SBI as a major player in the crypto market. Additionally, SBI acquired French market maker Woorton in August 2023.
However, SBI Holdings has dismissed claims that it plans to sell any portion of its stake in B2C2. The company spokesperson denied any plans to sell their B2C2 shares.
The possible sale of a minority stake in B2C2 comes as the digital asset market shows remarkable expansion. B2C2s expansion to Europe and subsequent acquisition of Woorton as well as regulatory licenses reflects the crypto market trends. The company delivers liquidity services to institutional clients and expects its business will benefit from increased demand in this region.
SBI Holdings Partnership with Crypto Firm B2C2
In 2020 SBI Holdings invested $30 million to form a strategic partnership with B2C2 but the financial institution continued to develop its diverse digital asset strategy. The company has invested in various crypto projects and formed partnerships with blockchain firms. Additionally, SBI seeks to integrate cryptocurrencies in their finance system to strengthen their position in the digital finance market.
The potential sale of its stake enables SBI Financial Services to maintain its partnership with B2C2. Sources indicate that SBI will maintain its equity in the company and offer a minority stake to interested individuals. The planned move would allow SBI to boost its investment portfolio without complete divestment from B2C2
SBI Holdings utilizes B2C2 as a critical asset to achieve its mission in the cryptocurrency market. The current market conditions and strategic acquisitions have driven the companys growth. The SBI digital asset strategy depends on its partnership with B2C2 as the crypto market evolves.
Read more: https://www.tronweekly.com/sbi-weighs-sale-of-stake-in-crypto-giant-b2c2/
Text source: TronWeekly
