Circle / CYBAVO 2022
Circle acquired CYBAVO for $190M on June 1, 2022.
- Target
- CYBAVO
- Acquirer
- Circle
- Deal value
- $190M
- Announced
- June 1, 2022
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Circle announced the acquisition of CYBAVO on June 1, 2022 for $190M.
Strategic rationale
Acquire digital asset custody and security infrastructure to advance USDC adoption and integrate Web3 capabilities into Circle's platform.
Deal terms & multiples
Sources
- crowdfundinsider.com /2022/11/198931-circle-completes-purchase-of-digital-asset-firm-cybavo-addx-sells-stake/