TechFlow, July 17 — According to CoinDesk citing sources, cryptocurrency market maker B2C2 is seeking to raise up to $200 million, with part of the funds intended to allow its majority shareholder, SBI Holdings, to reduce its stake. SBI Holdings acquired a 90% stake in B2C2 in December 2020, following an initial $30 million investment in July of the same year.
B2C2 is a UK Financial Conduct Authority (FCA)-regulated crypto market maker with offices in London, the US, and Japan. Although SBI Holdings previously denied reports about considering the sale of its B2C2 shares, the latest developments suggest its position may have shifted.
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