CoinVoice has recently learned that according to DL News, Arbitrum DAO has $3 billion in funds. Arbitrum DAO recently approved an eight-week merger and acquisition pilot program proposed by Bernard Schmid, the founding partner of Areta, a company that provides investment banking services to crypto companies.
If the pilot is successful, Schmid plans to make a more ambitious proposal: establish an M&A department with a $100 million to $250 million capital pool 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 space.
During a March 27 call, members of the DAO’s M&A working group highlighted marketing firms, business development, infrastructure providers, stablecoin issuers, and zero-knowledge technologies as the most attractive potential acquisition targets. Schmid also suggested buying other Layer 2 blockchains “to unify the ecosystem, expand the user base, and reduce competition and fragmentation in the space.” [Original link]
