Analysis: The history of M&A activity within the digital asset industry

More than two years after Bitcoin’s price reached its all-time high below $20,000, a pattern of mergers and acquisitions across the digital asset space continues to take shape.

In 2018, overall investments in the industry surged to $7.9 billion, representing more than 1,050 deals. With capital readily available, a plethora of firms formed to cater to this burgeoning industry. Despite all of the venture funding allocated, the industry at large has suffered to achieve mainstream adoption.