Energy giant Octopus prepares to cash in on its crypto venture stake. The UK-based company is looking to offload part of its holdings in Kraken, the digital asset trading platform valued at $10 billion, marking a significant shift in the company's crypto strategy. The move signals growing interest from traditional energy firms in the blockchain sector, though it also hints at potential profit-taking or portfolio restructuring. Kraken, established back in 2011, has maintained its position as one of the leading cryptocurrency exchanges globally. For Octopus Energy, this partial exit could unlock substantial capital while allowing it to maintain some exposure to the digital asset space. The transaction highlights the ongoing convergence between traditional finance and crypto markets, with established corporations increasingly weighing their commitments to blockchain-based platforms. Market observers will be watching closely to see how this stake sale affects Kraken's valuation and what it signals about investor sentiment in the broader crypto ecosystem.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
AltcoinTherapistvip
· 3h ago
Another traditional company has gone bankrupt, a real classic.
View OriginalReply0
MoonRocketTeamvip
· 3h ago
Octopus Energy is planning to cash out its Kraken shares. This move seems to be unloading boosters for the rocket... Either there's not enough fuel, or they're preparing to reach a higher orbit. Anyway, holders' dopamine will have to be re-released.
View OriginalReply0
SignatureAnxietyvip
· 3h ago
Another wave of cutting leeks? Energy giants are offloading, this is a signal, my friend.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)