Crypto mergers and acquisitions soared from $1.1 billion in value in 2020 to $55 billion, representing a massive surge of 4,846%, according to a report by PwC.threefold, from $52.7 million to $179.7 million. The report notes that a few mega-billion SPAC were behind this substantial jump.Moreover, 2021 saw the activity shift back to the Americas. The region increased its shares of the total number of M&A deals from 41% to 51%.
PwC, a multinational corporation providing assurance, consulting, and tax services, also reported on crypto fundraising efforts. The total value of such deals increased 645%, from $4.5 billion to $26,3 billion. The average amount was also up, by 143%.It also noted that the number of venture capital firms that finance crypto and blockchain projects increased in 2021, with 49 new funds. The total number of such VCs is now just under 500.
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Source: verge - 🏆 94. / 67 Read more »