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08/26/2026

Copper Buyout Offers Fall Short of $500 Million Target

What happened: Crypto custody firm Copper has attracted 2-3 acquisition offers in the $200 million range, far below its $500 million asking price.

Copper Buyout Offers Fall Short of $500 Million Target

What happened: Crypto custody firm Copper has attracted 2-3 acquisition offers in the $200 million range, far below its $500 million asking price. Once valued at $2.5 billion during the 2021 bull run, Copper is being marketed by Cantor Fitzgerald and features its ClearLoop settlement system as a key asset. The company has raised over $300 million in venture funding, but preferred stock overhang complicates a potential sale.

Why it matters: The sharp drop in Copper’s valuation highlights the challenges facing crypto infrastructure firms amid shifting market conditions and investor expectations. The gap between offers and the asking price, as well as the complex capital structure, may limit options for existing shareholders. This episode reflects broader recalibrations in private crypto company valuations post-2021.

Source: CoinDesk