B2C2, a crypto market maker, is in sale talks with multiple potential buyers. The discussions involve a potential $200 million capital raise that could reduce SBI Holdings' 90% ownership in the firm. The report was published by Crypto Briefing.
The talks
B2C2 is speaking with several interested parties, though no names have surfaced yet. The capital raise is central to the deal — it would bring in new investors and dilute SBI's current majority stake. The exact structure of the raise hasn't been disclosed, but the $200 million figure gives a sense of the scale.
The stake
SBI Holdings, the Japanese financial giant, has owned roughly 90% of B2C2 since its acquisition spree in the early 2020s. A successful sale and capital injection would shrink that holding significantly. It's not clear whether SBI would retain any stake after the deal closes, or if it plans to exit entirely.
The talks are ongoing. No deal is guaranteed yet, and terms could change before anything is finalized.
