B2C2's initiative to raise $200 million aims to strategically lower SBI Holdings' ownership while enhancing its market position amid growing competition.
B2C2, a leading crypto market maker in London, is preparing to raise up to $200 million from external investors to allow SBI Holdings to reduce its 90% stake. This fundraising effort is part of B2C2's strategy to expand its operations globally, having acquired Woorton and registered as a VASP in Luxembourg. SBI Holdings has been instrumental in B2C2's growth, which includes a significant presence in key markets. The planned capital raise highlights B2C2's ambition to strengthen its position in the competitive crypto landscape.