Crypto M&A hits record in 2025: 267 deals, $8.6B; IPOs raise $14.6B

In 2025, crypto dealmaking reached a record as mergers, acquisitions, and listings accelerated despite Bitcoin's pullback from October highs. The sector recorded 267 deals worth $8.6 billion and 11 IPOs raising $14.6 billion, with consolidation driven by regulatory clarity and compliance priorities.