INSUBCONTINENT EXCLUSIVE:
Netcapital, a financial technology company listed on the Nasdaq stock exchange, has acquired crypto-native protocol Mixie in a deal that has
first time a publicly-listed company has acquired a crypto-native protocol specifically to expand the blockchain industry.Headquartered in
Boston, Massachusetts, Netcapital operates a digital capital markets platform that helps private companies raise capital while giving
investors access to private equity opportunities
Its funding platform, Netcapital Funding Portal, is registered with the US Securities and Exchange Commission (SEC).The company, which
trades under the ticker NCPL, went public in September 2017
The stock is considered a nano-cap with a total market capitalization of roughly $6.8 million, according to Yahoo Finance data.NCPL stock
surged more than 16% on news of the Mixie acquisition
The stock is up more than 48% year-to-date
shaping up to be a busy year for crypto mergers and acquisitions, signaling a broader wave of consolidation as the industry matures.M&A
record-breaking 2024, crypto and blockchain M&As spiked again in the first quarter
Source: Architect PartnersM&A activity has ramped up in the second quarter, with Coinbase doling out $2.9 billion to acquire crypto
derivatives exchange Deribit, and Ripple paying $1.5 billion for prime brokerage Hidden Road.The M&A wave was widely expected to continue
this year, driven by more favorable regulatory conditions in the United States and the potential for declining financing costs
overtokenized.Related: Crypto VC deals hit 2025 low despite $909M raised in May
