When a crypto custody company that was once valued at $2.5 billion can’t even sell for $500 million now, your coins may not have moved, but the “channel feel” of institutional entry is cooling down. According to CoinDesk, Copper is looking for a buyer, and potential offers are far below its asking price. In May this year, the investment bank Cantor Fitzgerald sought a buyer for it at about $500 million, even though its peak valuation reached $2.5 billion. The contrast is this: it’s not a small company cutting staff—it’s the top-tier custody infrastructure going cold. It shows that institutions remain cautious about allocating to crypto assets, but it doesn’t directly imply that Bitcoin will fall; valuation and coin price are two different things. Next, watch whether the acquisition comes together and whether the custody segment accelerates consolidation. Would you change your holding strategy because institutional custody is cooling off? #加密托管 #机构资金

Source: www.coindesk.com