Golden Finance reported that Arbitrum DAO recently approved an eight-week M&A pilot program proposed by Bernard Schmid, the founding partner of Areta, a company that provides investment banking services to crypto companies. This laid the foundation for Arbitrum DAO to learn from the strategies of large technology companies. The proposal reads: "In addition to in-depth strategic research on the upside of M&A value, the pilot phase should also serve as a platform for in-depth discussions based on data rather than opinions." If the pilot is successful, Schmid plans to propose a more ambitious proposal: to establish an M&A department with a pool of $100 million to $250 million and identify and acquire potential targets within two years. The report commented that while large technology companies have long used mergers and acquisitions to drive their rapid growth, this is relatively rare in the crypto field. The report also pointed out that Arbitrum DAO has $3 billion in funds.
