Crypto treasuries may soon start gobbling each other up: Coinbase
Coinbase’s head of investment research, David Duong, said companies could soon consider mergers and acquisitions similar to the recent Strive and Semler Scientific deal.
Digital asset treasury companies will eventually consolidate under a few larger players as the cycle matures and companies try to attract investors, according to Coinbase’s head of investment research, David Duong.
Speaking to Cointelegraph, Duong said outside of strategies to boost share prices, “companies may start to pursue mergers and acquisitions, much like the recent Strive and Semler Scientific deal, as we approach the more mature phases of the DAT cycle.”
Asset manager turned Bitcoin treasury company Strive announced on Sept. 22 that it was acquiring fellow DAT Semler Scientific in an all-stock transaction.
