Octopus Energy is offloading around 20% of its stake in Kraken Technologies, with the transaction valuing the company between $9 billion and $10 billion. This strategic move signals significant growth momentum for the platform as it continues expanding its presence in the Web3 ecosystem. The stake sale represents a major milestone for Kraken Technologies' development, reflecting strong investor confidence in its long-term potential. Such valuations underscore the increasing importance of crypto infrastructure plays in the broader digital finance landscape.
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.
7 Likes
Reward
7
7
Repost
Share
Comment
0/400
ReverseFOMOguy
· 16h ago
Haha, is Octopus really planning to fully exit or just cash out? A billion-dollar valuation sounds great, but I have a feeling that reducing holdings by 20% might be a bit risky...
Octopus Energy is offloading around 20% of its stake in Kraken Technologies, with the transaction valuing the company between $9 billion and $10 billion. This strategic move signals significant growth momentum for the platform as it continues expanding its presence in the Web3 ecosystem. The stake sale represents a major milestone for Kraken Technologies' development, reflecting strong investor confidence in its long-term potential. Such valuations underscore the increasing importance of crypto infrastructure plays in the broader digital finance landscape.