Coincheck signs $112 million stock purchase agreement for majority stake in digital asset manager 3iQ
Coincheck Group agreed to acquire a 97% stake in Canadian digital asset manager 3iQ for approximately $111.8 million in stock.Summary
Coincheck Group N.V. announced a stock purchase agreement to acquire about 97% of the Canadian digital asset manager 3iQ Corp., valuing the firm at roughly $111.8 million. The deal will be settled by issuing new Coincheck Group ordinary shares. Coincheck's CEO, Gary Simanson, stated that the acquisition is expected to enhance their platform with 3iQ's institutional-grade offerings and expertise, positioning them better to serve institutional and sophisticated investors, and anticipates the transaction will be accretive to earnings.
The transaction is subject to regulatory approvals and due diligence, expected to close in the second quarter of 2026. Coincheck may issue additional shares to secure 100% ownership. This move leverages 3iQ's 12-year history, including being Canada's first regulated digital asset investment fund manager and launching major TSX-listed Bitcoin and Ether funds.
This acquisition marks Coincheck's third strategic purchase in 12 months, following the acquisitions of Aplo SAS and Next Finance Tech Co., Ltd. Coincheck plans to explore revenue synergies, integrating 3iQ and Aplo for cross-institutional services and utilizing Next Finance for staking services across the group.
(Source：The Block)