Kraken in Talks to Acquire 15% Stake in Aave at $385M Valuation
By
Tyler Warner
5h ago· 4 min readenNews
Summary
Kraken is in talks to acquire a 15% stake in Aave at a $385 million valuation, investing 35,000 ETH (~$55M) in exchange for 250,000 AAVE tokens ($20M) and a 15% common equity stake in Aave Group. The piece also notes Bitcoin hitting a fresh 2026 low amid ongoing selloffs and BlackBerry staging a comeback. This is a daily newsletter roundup of top crypto and tech news.
Source
bskyKraken in Talks to Acquire 15% Stake in Aave at $385M Valuationdecrypt.coKey quotes
· 3 pulledKraken is in talks to buy a 15% stake in Aave at a $385 million valuation.
Kraken would invest 35,000 ETH (~$55M) in exchange for 250,000 AAVE tokens ($20M) and a 15% common equity stake in Aave Group, the company behind the protocol.
Bitcoin sinks to a fresh 2026 low as the selloff drags on.
Bitcoin sinks to a fresh 2026 low as the selloff drags on. Kraken makes a major move into DeFi. And BlackBerry is staging a comeback.
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