Consensys Seals $50 Million Acquisition of Web3Auth
Deal News | Jun 03, 2025 | EIN
In a remarkable flurry of acquisitions on June 2, four major crypto companies executed deals totaling at least $265 million in disclosed value. Consensys acquired Web3Auth to fortify its MetaMask crypto wallet, enhancing security and integrating social login functionalities. FalconX gained a 60% stake in Monarq Asset Management, broadening its institutional service offerings. Robinhood's acquisition of the world's oldest crypto exchange, Bitstamp, for $200 million, signals significant strategic expansion into global markets. Meanwhile, OSL finalized a $15 million deal for a 90% stake in Evergreen Crest Holdings Ltd, positioning itself in the Indonesian market via the licensed Multikripto Exchange. This burst of activity underscores a robust trend in crypto mergers and acquisitions, with signs pointing to sustained investment and integration efforts within the industry.
Sectors
- Cryptocurrency
- Finance & Investment
Geography
- Global – The companies involved in these acquisitions operate internationally, with focuses ranging from North America to Southeast Asia.
- United States – Several key players, like Robinhood and Consensys, are based in the U.S., indicating a strong presence and interest in the American market.
Industry
- Cryptocurrency – The article revolves around significant mergers and acquisitions in the cryptocurrency industry, involving major players like Robinhood, Consensys, and FalconX.
- Finance & Investment – The acquisitions are centered on enhancing investment offerings and market capabilities, key elements within the realm of finance and investment.
Financials
- 50 million – Amount Consensys paid for Web3Auth, in cash and equity.
- 200 million – Robinhood's acquisition price for Bitstamp.
- 15 million – Cost for OSL to acquire a 90% stake in Evergreen Crest Holdings Ltd.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Consensys | Acquirer | Company | A core infrastructure developer known for its popular self-custodial crypto wallet, MetaMask. |
| Web3Auth | Target | Company | A wallet infrastructure provider acquired by Consensys. |
| FalconX | Acquirer | Company | A crypto prime broker expanding its services through acquiring a 60% stake in the hedge fund Monarq. |
| Monarq Asset Management | Target | Company | A multistrategy crypto hedge fund. |
| Robinhood | Acquirer | Company | A trading platform that has acquired the crypto exchange Bitstamp for market expansion. |
| Bitstamp | Target | Company | The world's oldest crypto exchange, now owned by Robinhood. |
| OSL | Acquirer | Company | Hong Kong-listed company acquiring a majority stake in Evergreen Crest Holdings for Southeast Asian market entry. |
| Evergreen Crest Holdings Ltd | Target | Company | Operates the Multikripto Exchange in Indonesia. |