PayPal to Buy Crypto Custody Firm Curv: Sources
One source tells CoinDesk that Curv could be sold for as much as $500 million.
Future FinTech's buy is in line with the legacy finance and tech sector taking increasing interest in bitcoin of late.
The average deal size went from $19.2 million in 2019 to $52.7 million in 2020, with a greater share of activity taking place in Europe and Asia.
The firm is acquiring the facility with the goal of “increasing the American footprint in the global bitcoin mining landscape.”
The payments giant said Curv will help it "accelerate and expand its initiatives to support cryptocurrencies and digital assets."
The land purchase was made via the acquisition of a New York firm.