crypto acquisition Archives - Coin Engineer

Tether Sought to Buy Juventus: Club Delivers Immediate Message

Yeliz Akmaca — Sun, 14 Dec 2025 11:36:55 +0000

Tether, the world’s largest stablecoin issuer, made a move that sent shockwaves through the football world. The company’s proposal to acquire Juventus quickly became a major topic across financial and sports markets. However, contrary to expectations, the initiative was met with a firm and immediate response from Italy.

Tether’s offer, valuing Juventus at around €1.1 billion, was unanimously rejected by Exor, the holding company controlled by the Agnelli family and the club’s majority shareholder. The decision reflected not only financial considerations but also deeper strategic and emotional factors tied to the club’s identity.

Exor CEO John Elkann addressed the situation in a rare video message published on Juventus’ official website, stating, “Juventus, our history and our values are not for sale.”

Details of Tether’s Offer for Juventus

Tether submitted an all-cash proposal to acquire Exor’s 65.4% stake in Juventus. The offer included a premium of more than 20% per share, pushing the club’s total valuation to approximately €1.1 billion.

Alongside the acquisition bid, Tether announced plans to invest close to €1 billion to strengthen Juventus’ infrastructure, digital revenue models, and global brand presence. CEO Paolo Ardoino described the proposal as part of a long-term vision aimed at transforming Juventus into an even stronger global sports brand.

The move was widely interpreted as one of the most ambitious steps ever taken by a crypto-native company into elite European football ownership.

Tether’s Broader Strategy Behind the Move

Tether’s Juventus initiative fits into a broader expansion strategy that goes beyond its core stablecoin business. In the first nine months of 2025, the company reported more than $10 billion in net profit, channeling capital into emerging sectors such as artificial intelligence, robotics, and bitcoin mining.

Earlier this year, Tether quietly acquired a minority stake in Juventus in February and increased its holding to over 10% by April. At the time, Ardoino said the partnership could unlock innovative collaborations and reshape engagement within the global sports ecosystem.

Ardoino also acknowledged a personal connection to the club, stating, “Juventus has always been a part of my life,” reinforcing the idea that the bid carried emotional significance alongside strategic ambition.

Exor and the Agnelli Family’s Firm Stance

Following the public disclosure of the offer, Exor’s board convened quickly and reached a unanimous decision without entering negotiations. The company made it clear that Juventus is not for sale.

John Elkann emphasized that Juventus represents far more than a financial asset for the Agnelli family. Protecting the club’s historical legacy, sporting identity, and cultural values was described as a core priority.

Exor also reiterated its confidence in the current management structure and long-term sporting plans. Maintaining control of the club was framed as a strategic necessity for Juventus’ future stability and direction.

Market Reaction and the Crypto–Sports Dynamic

News of Tether’s bid initially triggered short-term volatility in Juventus shares. Once the rejection became clear, prices stabilized, indicating that markets had quickly priced in the possibility of a sale and adjusted accordingly.

More broadly, the episode highlighted the growing but complex relationship between crypto capital and traditional sports institutions. Despite substantial financial resources, decision-making power in elite clubs remains closely tied to ownership philosophy and institutional legacy.

Analysts suggest that while full takeovers may face resistance, crypto companies are likely to deepen their presence through sponsorships, technology partnerships, and digital revenue-sharing models rather than outright control.

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Binance Officially Reenters South Korea via Gopax Buyout

Yeliz Akmaca — Thu, 16 Oct 2025 09:00:16 +0000

Binance has officially completed the acquisition of South Korean cryptocurrency exchange Gopax, following a two-year regulatory delay, according to local media reports. The South Korean Financial Intelligence Unit (FIU) approved the change in Gopax’s key executives this week. Binance initially became Gopax’s largest shareholder in 2023 with a 67% stake.

The approval comes after prolonged concerns over potential anti-money laundering risks. Local authorities had previously postponed the full acquisition due to these issues. Resolution of Binance’s compliance challenges in the U.S., including a $4.3 billion settlement with the Securities and Exchange Commission (SEC) and Department of Justice, appears to have influenced the South Korean decision.

Strategic Importance for Binance

Gopax is one of the five South Korean exchanges authorized for cash-to-crypto transactions, requiring strict know-your-customer (KYC) and anti-money laundering (AML) compliance. Binance’s acquisition allows it to reenter one of Asia’s largest crypto markets.

Binance CEO Changpeng “CZ” Zhao has shown increasing interest in South Korea and other Asian regions. South Korea’s thriving crypto ecosystem, strong talent pool, and active entrepreneurship make it a key strategic market for Binance’s blockchain and Web3 expansion.

The Gopax acquisition also comes after a 2023 withdrawal crisis. Genesis Global Capital (GGC), Gopax’s DeFi partner, froze $47 million in customer funds linked to Gopax’s GoFi product, following GGC’s Chapter 11 filing after the FTX collapse. Binance stepped in to provide liquidity and stabilize Gopax.

Market Implications

Upbit currently dominates the South Korean crypto market with over 72% market share. Binance’s return via Gopax could gradually shift market dynamics, attracting users with renewed confidence in liquidity and compliance.

BNB, Binance’s native token, has seen a one-month price surge of roughly 50%, reaching a peak of $1,370 before trading around $1,186, down 2% in the last 24 hours. Trading volume decreased by 40%, indicating moderate investor caution but overall positive market sentiment.

The acquisition underscores Binance’s commitment to regional growth and regulatory alignment, solidifying its position as a global crypto leader.

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Robinhood Acquires Bitstamp In $200M Crypto Expansion

Yigit Taha OZTURK — Tue, 03 Jun 2025 07:00:33 +0000

While global finance evolves rapidly, the crypto sector is entering a new phase—one driven by high-stakes acquisitions and strategic expansions. Leading this transformation is Robinhood, which has just made a bold move to deepen its crypto footprint worldwide.

The US-based trading platform has completed its $200 million all-cash acquisition of Bitstamp, one of the longest-operating crypto exchanges in the world. With this move, Robinhood gains not only market reach but also key regulatory advantages and institutional infrastructure.

Gateway To Europe And Asia

Announced on June 2, the acquisition adds over 50 licenses and a strong institutional client base to Robinhood’s growing crypto division. Bitstamp serves more than 5,000 institutional clients and 50,000 retail users, with most of its trading activity coming from institutional players.

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The acquisition significantly extends Robinhood’s crypto services beyond the US into key markets across Europe, the UK, and Asia. Bitstamp is already integrated with Robinhood’s Legend platform and Smart Exchange Routing system, streamlining cross-border access and performance.

Tokenization: The Next Big Move

CEO Vladimir Tenev said Robinhood’s next strategic goal in crypto is tokenization of real-world assets. He highlighted that making private equities like OpenAI and SpaceX investable via tokenized shares could revolutionize liquidity in secondary markets.

Robinhood also continues to explore further acquisitions, including the recently announced deal with Canadian crypto platform WonderFi for $179 million.

With a forward-looking strategy and strong financials, Robinhood is positioning itself not just as a trading app, but as a global crypto powerhouse.

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Ripple Acquires Hidden Road for $1.25 Billion!

Yigit Taha OZTURK — Tue, 08 Apr 2025 15:00:09 +0000

As the leading provider of digital asset infrastructure for financial institutions, Ripple has announced its acquisition of Hidden Road—one of the fastest-growing prime brokers in the world—for $1.25 billion. The deal marks one of the largest transactions in the digital asset sector.

With this acquisition, Ripple becomes the first crypto company to own and operate a global, multi-asset prime broker, offering services across FX, digital assets, derivatives, swaps, and fixed income markets.

RLUSD Powers Institutional DeFi

The acquisition reinforces Ripple USD (RLUSD)’s role as an enterprise-grade stablecoin. RLUSD becomes the first to enable efficient cross-margining between traditional markets and digital assets.

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Hidden Road will migrate its post-trade activity to the XRP Ledger (XRPL) to reduce operational costs and demonstrate XRPL’s potential as the preferred blockchain for institutional DeFi.

Global Impact and Strategic Growth

With $3 trillion+ in annual cleared volume and more than 300 institutional clients, Hidden Road will use Ripple’s balance sheet to exponentially grow and become one of the largest non-bank prime brokers globally.

Ripple CEO Brad Garlinghouse stated: “The U.S. market is open for the first time with the former SEC overhang gone, and the industry is maturing to meet TradFi needs. We’re accelerating digital asset adoption at scale.”

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