Crypto news report · source clearly identified
Copper Custody Firm Seeks Sale at $500 Million, Receives Lower Offers
Formerly valued at $2.5 billion, crypto custody provider Copper is being marketed for about $500 million, but potential buyers have submitted offers below that price.
Crypto custody firm Copper, once valued at $2.5 billion, is now being marketed for roughly $500 million. Investment bank Cantor Fitzgerald is handling the sale, but interested parties have submitted bids that fall short of the asking price.
Background
Copper previously reached a peak valuation of $2.5 billion. The company’s current owners are seeking to sell the business at a significantly reduced price.
Current Sale Process
The sale is being overseen by Cantor Fitzgerald, which listed the asking price at about $500 million in May. Despite this, offers received from potential buyers have been lower than the stated target.
Implications
- The gap between the asking price and received offers may affect the final sale outcome.
- The reduced valuation reflects broader market pressures on crypto‑related service providers.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- August 25, 2026, 1:48 PM
- Original headline
- Crypto custody firm Copper has potential buyers. But offers are way below its $500 million asking price