Copper CEO Exits as Bids Near $200M
The CEO exit mid-sale is a flag, but the real read is the $2B-to-$200M valuation gap, which is what institutional counterparties now underwrite crypto custody names for this cycle.
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The CEO exit mid-sale is a flag, but the real read is the $2B-to-$200M valuation gap, which is what institutional counterparties now underwrite crypto custody names for this cycle.
Offers for the institutional crypto platform are roughly 60% below its $500M marketing price, highlighting how private-market crypto valuations have reset.