Deep Tide TechFlow News, on July 17, according to CoinDesk citing informed sources, cryptocurrency market maker B2C2 is seeking to raise up to $200 million, part of which will be used to allow its major shareholder SBI Holdings to reduce its stake. SBI Holdings acquired 90% of B2C2 in December 2020, having previously made an initial investment of $30 million in July of the same year.
B2C2 is a cryptocurrency market maker regulated by the UK's Financial Conduct Authority (FCA), with offices in London, the United States, and Japan. Although SBI Holdings had previously denied reports of considering selling its stake in B2C2, the latest news suggests that its position may have changed.