Number of crypto M&A deals plummeted in Q2

There was a sharp decline in the number of crypto mergers and acquisitions (M&A) in Quarter 2 of 2023, with intra-sector deals experiencing a 50% fall-off. While deal activity had hit an all-time quarterly high in the first three months of 2023 — 54 transactions — that figure dropped to 32 between April and June, according to crypto advisory firm Architect Partners. “Bridge” transactions — deals between crypto and non-crypto companies — saw less of a decrease, dropping from 18 to 14. Ten out of the 32 M&A deals during the second quarter disclosed what the acquirer paid, amounting to $370 million, according to Wang.

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