Crypto M&A Deals Reach an All-Time High at $10 Billion, Doubling Previous Record

Crypto-related mergers and acquisitions have reached an all-time high of $10 billion in Q3 2025, doubling the previous record of $5 billion set earlier this year. The surge is driven by a pro-crypto environment, firms bridging traditional finance with digital assets, and improving treasury management strategies. Digital asset treasury reverse mergers accounted for 37% of the total disclosed value, with several new deals emerging in Q4.