‘Keanu’ Explained: What It Means to Merge Two Ethereum Projects
Keep and NuCypher, ICO-era survivors with $500M in combined assets, may soon forge a new model of cooperation among decentralized protocols.
Demeester will stay on as an adviser.
The acquisition comes as Galaxy Digital plans a U.S. listing later this year.
Based on the current price of Sphere's shares, the merger is valued at $184.3 million.
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.
Greenidge's holding company announced the planned merger with Nasdaq-listed Support.com Monday.