Figment Acquisitions:- By Targeting Million Dollar Acquisitions, Figment Is Eyeing Market Dominance

In a major market update coming from the leading staking giant, Figment, the firm is eyeing million dollar acquisitions in the industry.

Figment, a leading crypto staking giant, is eyeing multi-million dollar acquisitions in the industry, a major market update.

The firm is targeting mergers and acquisitions with crypto-focused firms, Bloomberg report.

Figment CEO Lorein Gobel who is starting the fourth startup with Figment is aiming to expand the firm’s footprint in the industry.

“I really just want to see how (expletive) far we can take it at this point,” Gobel told Bloomberg recently.

Before co-founding Figment in 2018, Gobel had founded and later sold three firms — Interlog, Bird on a Wire Networks, and pingg.com, a Social networking/messaging startup.

Also, the Canada-based crypto staking services provider had raised $50 million in a Series C funding round in 2021. But now the firm is not in the mood to raise more but acquire, the report further notes.

What Kind Of Crypto Firms Is Figment Looking To Acquire

Figment is a leading proof-of-stake (PoS) infrastructure provider serving institutional clients in the blockchain space. It currently manages more than $15 billion in staked assets.

And now the firm is reportedly looking to acquire projects that have a dominant status on blockchains like Solana or Cosmos. The range of its acquisitions will be $100M–$200M.

It is likely to be acquiring smaller crypto projects, with the terms sheet already out, according to the Figment CEO.

The firm’s core business operations are in providing non-custodial staking services for PoS blockchains. This includes Ethereum, Solana, Cosmos, Polkadot – managing more than $15 billion in staked assets.

Accordingly, it can be acquiring mid-sized staking and infrastructure boutiques. This can be validator operators, API/tooling startups, and regional specialists on high-growth PoS networks.

Such projects can easily bolt onto its institutional staking platform and accelerate its leadership in the Web3 infrastructure space.

Figment was last valued at $1.4 billion in a 2024 financing by Thoma Bravo, Counterpoint Global (Morgan Stanley), Franklin Templeton, and Avon Ventures (Fidelity).

So with $100-$200 million acquisitions, it is effectively willing to deploy between 7 % and 14 % of its current valuation on strategic bolt-on deals.

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Boost In Crypto Deals And M&As

Figment’s acquisition push comes amid a broader boom in crypto M&A this year. This is being credited to the developing pro-crypto environment in the U.S.

So far in 2025, 88 deals totaling $8.2 billion have closed. It is nearly three times the value seen over the same period in 2024.

Among the billion-dollar crypto deals that have been signed this year include Kraken’s $1.5 billion purchase of NinjaTrader in March for expansion of its exchange into retail futures trading.

Whereas, Ripple’s $1.25 billion acquisition of Hidden Road on April 8, 2025 became the largest crypto deal, boosting its institutional settlement network.

Another biggest crypto-related listings to date includes the most recent $3.6 billion SPAC merger that is taking Twenty One Capital public.

Thus, as Figment is also making an entry in the acquisitions and mergers, the broader ecosystem of crypto deals is set to receive a good boost.