Potential buyers have submitted bids for Copper, but they fall short of the firm's $500 million asking price.
Copper, a crypto custody firm once valued at $2.5 billion, is reportedly receiving takeover offers. However, the bids are significantly below the $500 million valuation set by its broker, Cantor Fitzgerald.
Further details about the potential buyers or the timeline for a deal have not been disclosed.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
More from Marcus Webb →
