The London-based finance service company PricewaterhouseCoopers, abbreviated as PwC, published a study regarding M&A deals in the cryptocurrency sector, showing highly promising stats.
The crypto industry has seen immense growth over the past year and continues to barge its way into the financial sector. Crypto markets proved to be successful, and there have been multiple acquisitions of smaller tech startups by large players in the industry.
PwC’s newest report, shared with Bloomberg, showed that crypto M&As went up by 4,846% in 2021, alongside digital asset-based company fundings that had a 645% increase compared to 2020.
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All of these deals amounted to $55B in 2021, with an average deal sum of $179.7M which almost quadrupled in comparison to the previous year which amounted to $52.7M per deal.
Likewise, the study showed that there were 600 crypto mergers and acquisitions deals in 2021, with the most prominent investors being Coinbase Ventures, Genblock Capital, Genesis Block Ventures, Moonwhale, and AU21.
However, according to the 2022 Outlook posted by PwC, crypto is one of the fields that should be carefully approached next year due to the "tightening regulatory environment that could dampen M&A activity."
In any case, PwC expects the tech industry, including crypto and metaverse-focused companies, to build on the success of 2021, and "prioritize M&A strategies to accelerate growth, gain scale and digitize their businesses."
