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.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire digital asset custody and security infrastructure to advance USDC adoption and integrate Web3 capabilities into Circle's platform.
Deal terms & multiples
Frequently asked questions
How much did Circle pay for CYBAVO?
Circle acquired CYBAVO for $190M, announced on June 1, 2022.
When did Circle announce the acquisition of CYBAVO?
Circle announced the acquisition of CYBAVO on June 1, 2022.
What sub-sector is CYBAVO in?
CYBAVO is tracked in the Crypto / Digital Assets sub-sector.
Sources
- crowdfundinsider.com /2022/11/198931-circle-completes-purchase-of-digital-asset-firm-cybavo-addx-sells-stake/