Copper's purchase price is about $200 million, well below the $500 million sales target

On 25 August, informed sources revealed that the encrypted money trust company Copper was attracting interest from potential buyers, but that the current two to three purchase offers of some $200 million were significantly lower than the estimate of about $500 million sought for the investment bank Cantor Fitzgerald in May this year. Copper had valued up to $2.5 billion during the cattle market in 2021 and accumulated over $300 million in financing. The company closed its business hosting operations in 2023 and moved to the focused agency settlement system ClearLoop。