As crypto industry mergers surge in 2025, leading staking provider Figment is setting its sights on strategic acquisitions in the $100 million to $200 million range, aiming to expand its global footprint and consolidate its position in key blockchain ecosystems.
According to a recent report by Bloomberg, Figment is actively exploring deals to acquire smaller crypto and blockchain service providers. The company is especially interested in targets with a strong regional presence particularly in Asia and South America—or those with dominant operations in major networks like Cosmos Hub and Solana.
Headquartered in Canada, Figment currently manages over $15 billion in staked digital assets and employs around 150 people. The firm has been a major player in staking infrastructure, supporting institutional clients across multiple proof-of-stake blockchains.
In a statement, Figment Co-Founder and CEO Lorien Gabel emphasized that the company is not seeking acquisition itself, nor does it plan to raise additional funding. Instead, it is leveraging its current resources to scale through buyouts.
“We have term sheets out and we’re actively looking to acquire smaller providers,” Gabel said, confirming the company’s aggressive growth strategy.
Figment’s move reflects a broader upswing in crypto M&A activity, driven in part by improved market sentiment following former President Donald Trump’s return to office. According to Architect Partners, crypto M&A deals surpassed $2 billion in value during the first quarter of 2025 marking the sector’s strongest performance in over two years.
Notable recent acquisitions include:
- Ripple’s $1.25 billion purchase of crypto brokerage firm Hidden Road
- Kraken’s $1.5 billion acquisition of futures trading platform NinjaTrader
- Phantom’s takeover of NFT data analytics provider Simple Hash
Meanwhile, Coinbase is reportedly in advanced talks to acquire Deribit, a leading crypto derivatives exchange, with Kraken also having shown prior interest.
For Figment, the ultimate goal is to position itself as a global leader in blockchain infrastructure, particularly as the regulatory landscape in the U.S. evolves. The company hopes to capitalize on potential shifts that could open the door for Ethereum staking ETFs, which would further legitimize and expand staking as a mainstream financial service.
With a clear focus on strategic expansion and consolidation, Figment’s acquisition strategy could reshape the competitive landscape in the staking sector and signal the beginning of a broader wave of infrastructure consolidation in the crypto ecosystem.
