Acquisition
JPMorgan to Acquire First Republic Bank Assets
JPMorgan Chase is set to acquire First Republic Bank's assets after the troubled bank was closed by regulators. JPMorgan will assume all assets, including uninsured deposits, and enter into a loss-sharing agreement with the FDIC.
MicroStrategy Acquires Additional 1,045 Bitcoin
Business intelligence firm MicroStrategy acquires 1,045 Bitcoin for $29.3 million, bringing its total holdings to 140,000 BTC worth over $12.6 billion. The company continues to invest in Bitcoin as a reserve asset.
First Citizens Bank to Acquire Silicon Valley Bank Deposits and Loans
First Citizens Bank will acquire all deposits and loans of Silicon Valley Bank after its collapse following rumors of a liquidity crisis. The FDIC has approved the purchase and assumption agreement, and Silicon Valley Bank depositors will become depositors of First Citizens Bank. The North Carolina-based bank is now the 30th largest commercial bank in the US.
HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff
HSBC UK Bank, which acquired Silicon Valley Bank UK for just one pound, has reportedly approved multi-million-pound bonuses for its staff and senior executives. The bonus pool, totaling between £15m and £20m, was described as "modest" by insiders and was said to be in honor of previously agreed payments and to retain key staff.
Binance Confirms Equity Investment in Musk's Acquisition, Dogecoin Stimulated over Deal
The acquisition of Twitter by Elon Musk has finally been made. Binance confirmed the crypto exchange has invested as an equity investor in Elon Musk's $44 billion deal.
Bitcoin Miner Crusoe Energy Acquires its Big Rival Great American Mining
The acquisition has brought companies with complementary capabilities, assets, and customer relationships to make Crusoe a big Bitcoin mining firm in the US.
TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources
Justin Sun, the founder of TRON, is reportedly to be the real buyer for the acquisition of Huobi Global, according to sources with the matter.
Huobi To Be Acquired by Hong Kong-Based VC Firm About Capital
Huobi is being acquired by About Capital, an investment company headquartered in Hong Kong. The deal, announced Friday, should close in the next few days. The firms did not disclose the financial terms.
Crypto Lending Platform Nexo Takes Stake in U.S. Summit National Bank
Switzerland-based Crypto lending platform Nexo has announced the acquisition of a stake in Wyoming-based Summit National Bank, expanding its footprint in the U.S. region.
Crypto Firm BitGo Files $100m Lawsuit against Galaxy Digital for Breaching Acquisition Deal
Last month, Galaxy scrapped a plan to acquire BitGo for $1.2 billion. In its lawsuit, BitGo demands $100 million for damages following Galaxy’s termination of the merger deal.