# Acquisition Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Acquisition", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Behind USDH's Acquisition by Coinbase: Hyperliquid's Interest-Driven Choice

Coinbase announces its integration with Hyperliquid, becoming the official USDC treasury deployer on the platform. The native stablecoin USDH, issued by Native Markets, will be gradually phased out as Coinbase acquires its brand assets. Users can convert USDH to USDC or fiat without fees during the transition. The move solidifies USDC as Hyperliquid's official stablecoin and pricing asset. The arrangement is framed as a three-way win: Coinbase deepens its ties to the Hyperliquid ecosystem; Hyperliquid gains the vast majority of future USDC reserve yield revenue (estimated at up to 90%); and Native Markets exits with compensation from the asset sale. However, some community members criticize the outcome, viewing USDH's shutdown as a retreat from decentralization and arguing that the original governance vote favored internal interests over users. The partnership also sees Circle and Coinbase staking HYPE tokens to support the network's AQAv2 upgrade. Ultimately, the article suggests the resolution underscores pragmatic economic interests over earlier community-centric rhetoric.

marsbit05/15 06:52

Behind USDH's Acquisition by Coinbase: Hyperliquid's Interest-Driven Choice

marsbit05/15 06:52

Behind the Coinbase Acquisition of USDH: Hyperliquid’s Interest-Driven Choice

The article discusses the transition of the Hyperliquid ecosystem's native stablecoin, USDH, following its acquisition by Coinbase. Last September, USDH, issued by Native Markets, was a focal point in the ecosystem. Recently, Coinbase announced it will become the official USDC treasury deployer on Hyperliquid. Native Markets granted Coinbase the rights to purchase the USDH brand assets, leading to the gradual phase-out of USDH. Users can convert USDH to USDC or fiat without fees during this period. USDC is now Hyperliquid's official stablecoin. The move is framed as a three-way win: * **Coinbase & Circle:** Deepen ties with Hyperliquid's on-chain economy. Both companies are staking HYPE tokens. Circle had already invested in HYPE previously. * **Hyperliquid:** Becomes the primary beneficiary, set to receive the vast majority (estimated ~90%) of the reserve yield income from the ~$5.16 billion in USDC on its platform. This could translate to significant daily HYPE buybacks. The alliance with Coinbase may also offer regulatory advantages in the US. * **Native Markets:** While exiting the stablecoin business, the team reportedly received economic compensation from Coinbase for the USDH brand assets, framing it as a successful conclusion to USDH's role. However, the article notes criticism from some Hyperliquid community members. They view the shift as a step back for decentralization and argue that the original USDH issuer vote was driven by internal interests rather than user benefit, leaving regular users with nothing. The conclusion reflects that the eventual partnership between Hyperliquid and the giants (Coinbase/Circle) underscores a reality of利益分配 (interest distribution) over initial ideals of community and ecosystem advocacy.

Odaily星球日报05/15 06:48

Behind the Coinbase Acquisition of USDH: Hyperliquid’s Interest-Driven Choice

Odaily星球日报05/15 06:48

Bitcoin Firm Nakamoto Surges In Revenue But Bleeds Cash In Q1

Nakamoto, a Bitcoin-focused firm, reported mixed Q1 2026 results. While revenue surged over 500% quarter-over-quarter to $2.7 million, the company posted a net loss of $238 million. This loss was largely driven by non-cash charges, including a $102 million mark-to-market hit on its 5,058 Bitcoin holdings as cryptocurrency prices fell 23%. CEO David Bailey described the quarter as transformational, highlighting recent acquisitions of news outlet BTC Inc. and investment platform UTXO Management. Nakamoto is pivoting its strategy, planning to use its Bitcoin as collateral for yield-generating strategies and winding down its healthcare operations. However, the company's stock remains down over 99% from its peak, closing at $0.18 after a modest post-earnings bump. Notably, Nakamoto sold 284 Bitcoin on the last day of the quarter to fund operations and did not purchase any new Bitcoin during Q1.

bitcoinist05/14 17:33

Bitcoin Firm Nakamoto Surges In Revenue But Bleeds Cash In Q1

bitcoinist05/14 17:33

eToro Reports Strong Q1 Profit Growth Despite Crypto Trading Slump

eToro reported strong Q1 profit growth despite a downturn in cryptocurrency trading. Net income rose 37% year-over-year to $82 million, driven largely by a nearly 400% surge in commodities trading volume, which accounted for about 60% of trading commissions. Key metrics also showed growth: net contribution increased 19% to $258 million, adjusted EBITDA grew 35% to $109 million, and assets under management climbed 15% to $17 billion. While commodities thrived, crypto activity declined. The number of crypto trades fell 32% year-over-year in April, with the average investment per trade dropping 22%. To bolster its offerings, eToro launched an AI-powered "Agent Portfolios" feature and enhanced its AI agent, Tori, with Grok 4.2 market sentiment analysis. The company also expanded by activating its BitLicense for New York crypto trading, adding Japanese equities, and finalizing the acquisition of self-custody wallet provider Zengo. By late April, total assets under management had risen further to $18.7 billion.

TheNewsCrypto05/13 12:21

eToro Reports Strong Q1 Profit Growth Despite Crypto Trading Slump

TheNewsCrypto05/13 12:21

Splashing Out 27 Billion Yuan, OpenAI Establishes New Company to Accelerate AI Deployment

On May 11th, OpenAI announced the formation of a new company, "OpenAI Deployment Company," with an initial investment of over $4 billion (approximately 27.2 billion RMB). This venture aims to help businesses build and deploy AI solutions. OpenAI is also acquiring the AI consulting firm Toromo to rapidly scale the deployment company's capabilities. This new entity, majority-owned by OpenAI, brings together 19 investment, consulting, and system integration partners, led by TPG with co-lead founding partners including Advent International, Bain Capital, and Brookfield. OpenAI's Chief Revenue Officer, Denise Dresser, stated that while AI is becoming increasingly capable, the current challenge lies in integrating these systems into core business infrastructure and workflows. The deployment company is designed to bridge this gap and translate AI capabilities into operational impact. This move comes as OpenAI emphasizes the next competitive phase will depend on the efficiency of deploying AI in real business scenarios. The company reports over 1 million businesses already use its products and APIs. OpenAI is significantly increasing its investments in computing power, with co-founder Greg Brockman stating the company expects to spend $50 billion on compute this year, a dramatic increase from $3 million in 2017. The announcement follows OpenAI's recent completion of a record $122 billion funding round in late March, led by Amazon, Nvidia, and SoftBank, valuing the company at $852 billion post-money. Major strategic investors committed $110 billion as a base for this round. Concurrently, OpenAI is advancing its core model development. It has shifted focus from its Sora video generator to developing advanced robotics and AI models that interact with the physical world. It has also begun allowing select users access to a new model specialized in identifying software vulnerabilities and is reportedly preparing to launch an enhanced image generation model in the coming weeks. According to reports citing founder Sam Altman, OpenAI is considering an IPO as early as 2027, with a potential valuation around $1 trillion.

marsbit05/12 11:40

Splashing Out 27 Billion Yuan, OpenAI Establishes New Company to Accelerate AI Deployment

marsbit05/12 11:40

Strategy Adds Another 535 Bitcoin As Holdings Approach 820,000 BTC

Strategy has resumed Bitcoin accumulation with a $43 million purchase of 535 BTC, bringing its total holdings to 818,869 BTC and nearing the 820,000 BTC milestone. The company skipped a regular buy last week, and this purchase follows Chairman Michael Saylor's recent hint about potential future BTC sales to fund a dividend, a rare move for the firm. The acquisition was primarily funded through an at-the-market stock offering. Meanwhile, another major corporate holder, Bitmine, has paused its aggressive Ethereum accumulation, having exceeded its initial pace toward holding 5% of the ETH supply. Ethereum's price is currently around $2,300.

bitcoinist05/12 10:02

Strategy Adds Another 535 Bitcoin As Holdings Approach 820,000 BTC

bitcoinist05/12 10:02

Bitcoin Treasury Race Heats Up As Capital B Secures $18 Million

Europe's second-largest corporate Bitcoin holder, Capital B, has secured €15.2 million (approx. $17.8 million) from a private share placement. The raise was notably backed by Blockstream CEO Adam Back and asset manager TOBAM. The company could potentially receive an additional $116.5 million if attached warrants are exercised. Capital B plans to use the funds, alongside operational revenue, to acquire around 182 more Bitcoin, bringing its total holdings to roughly 3,125 BTC, valued at approximately $237 million. This move stands in contrast to other corporate treasury firms that have been selling Bitcoin or setting up hedging programs amid recent market softness. Capital B shares rose about 4.25% following the announcement.

bitcoinist05/12 09:35

Bitcoin Treasury Race Heats Up As Capital B Secures $18 Million

bitcoinist05/12 09:35

US Stock Registration Giant Acquired by Cryptocurrency Exchange, Accelerating Stock Tokenization

Bullish (NYSE: BLSH), a crypto asset trading platform, announced a $4.2 billion acquisition of Equiniti, a major Wall Street transfer agent serving nearly 3,000 public companies. This move aims to accelerate stock tokenization by securing a critical, regulated piece of financial infrastructure that maintains official shareholder records and handles dividends. The deal signals intensifying competition in the tokenization race. True "native" on-chain securities require a licensed transfer agent for legal ownership registration—a bottleneck Bullish now aims to solve. The acquisition positions Bullish to bridge traditional equity markets with blockchain, leveraging Equiniti's extensive client network and compliance credentials. This follows recent key developments: ICE (NYSE's parent) plans a new tokenized securities platform, and the SEC approved Nasdaq's tokenized stock pilot. Bullish's strategy is to establish a neutral, cross-platform infrastructure ahead of these initiatives. The combined company expects high growth from its tokenization business, targeting the vast U.S. equity market. The narrative is shifting from "crypto vs. Wall Street" to convergence, where legacy infrastructure is upgraded onto blockchain rails. The next 18 months will be crucial for observing the rollout of NYSE's platform, Bullish-Equiniti integration, and the broader adoption of tokenized securities by institutions.

marsbit05/09 09:52

US Stock Registration Giant Acquired by Cryptocurrency Exchange, Accelerating Stock Tokenization

marsbit05/09 09:52

US Stock Transfer Agent Leader Acquired by Crypto Exchange, Accelerating Stock Tokenization

Crypto exchange Bullish announces $4.2 billion acquisition of Equiniti, a major Wall Street transfer agent. This deal, occurring amidst a heated race for tokenizing traditional securities, targets the core of stock ownership records. Equiniti maintains shareholder registries for nearly 3,000 public companies, including giants like Berkshire Hathaway, handling dividends and corporate actions. The strategic move aims to bridge legacy finance with blockchain by securing the critical "system of record" needed for legally compliant, native tokenized stocks, rather than derivatives. The acquisition follows rapid 2026 developments: ICE (NYSE parent) announcing a 24/7 tokenized securities platform, SEC approving Nasdaq's tokenized stock pilot, and NYSE partnering with Securitize. Bullish, led by ex-NYSE president Tom Farley, positions itself as a neutral infrastructure player by owning Equiniti's extensive client network and regulatory licenses across multiple exchanges. The combined entity projects 20% annual growth for its tokenization business. This signals a convergence of crypto and traditional finance, where control over foundational infrastructure like transfer agencies will define the next era of capital markets, enabling real-time settlement, fractional trading with stablecoins, and global accessibility.

链捕手05/09 09:44

US Stock Transfer Agent Leader Acquired by Crypto Exchange, Accelerating Stock Tokenization

链捕手05/09 09:44

JPMorgan: Saylor’s Strategy Could Buy $30 Billion In Bitcoin This Year

JPMorgan analysts estimate that Michael Saylor's MicroStrategy could purchase around $30 billion worth of Bitcoin in 2026 if its current acquisition pace continues, a significant acceleration from previous years. This follows the company's addition of 145,834 BTC worth approximately $11 billion so far in 2026, much of it bought below an estimated average cost of $75,000. JPMorgan notes the company has accelerated purchases again in April, pursuing an opportunity-driven strategy sensitive to market conditions. MicroStrategy's ability to raise capital is key to this strategy. Its stock trades at a ~26% premium to net asset value, facilitating equity or debt issuance to fund further Bitcoin buys. As of May 3, the company holds 818,334 BTC. Its CFO highlighted the success of its "Digital Credit" preferred equity platform, with over $13.5 billion outstanding, used to service dividends and fund Bitcoin acquisitions. However, this aggressive strategy increases obligations. The company reported a Q1 net loss of $12.54 billion, driven by an unrealized loss on digital assets. Its perpetual preferred stock dividends create a long-term payment commitment, with CEO Michael Saylor acknowledging the potential need to sell some Bitcoin for dividends, while emphasizing the core directive to "Buy more bitcoin than you sell."

bitcoinist05/08 18:05

JPMorgan: Saylor’s Strategy Could Buy $30 Billion In Bitcoin This Year