Copper Seeks Buyers at $500M but Offers Fall Short of Asking Price

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Crypto custody firm Copper is currently in talks with potential buyers after being put up for sale. The company was marketed by investment bank Cantor Fitzgerald at approximately $500 million in May 2024. However, offers received so far have come in significantly below the $500 million asking price. This marks a steep decline from Copper's peak valuation of $2.5 billion, reflecting broader challenges in the crypto industry.

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