The $1.8 billion deal to acquire stablecoin infrastructure provider BVNK is expected to close by the end of the year.
Mastercard Incorporated (MA) M&A Call Transcript
MA expands its crypto push by adding TRON, boosting blockchain connectivity and strengthening its long-term digital asset strategy.
Mastercard Inc (NYSE:MA) announced on Tuesday that it has entered a definitive agreement to acquire BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion, including $300 million in contingent payments. BVNK, founded in 2021, provides technology that connects fiat payment rails with blockchain-based systems, supporting transactions across all major networks in over 130 countries.
Investors seeking alternatives to chip stocks can consider those with low or negative correlation, such as capital markets firms.
Mastercard has agreed to buy stablecoin infrastructure firm BVNK for up to $1.8 billion.
After finishing the past two years with an average annual gain of nearly 23%, the financials sector has struggled this year. With a year-to-date loss of around 9%, the cohort ranks last among the S&P 500's 11 sectors.
Glenmede Investment Management LP reduced its position in Mastercard Incorporated (NYSE: MA) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 373,958 shares of the credit services provider's stock after selling 37,394 shares during the period. Mastercard
Brown Brothers Harriman and Co. decreased its holdings in shares of Mastercard Incorporated (NYSE: MA) by 1.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,024,056 shares of the credit services provider's stock after selling 15,786 shares during the period. Mastercard makes up approximately 3.5%
MA launches a Crypto Partner Program that unites 85+ firms to explore blockchain use in payments and connect on-chain technology with its global network.
Arrowstreet Capital Limited Partnership lowered its position in Mastercard Incorporated (NYSE: MA) by 0.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,378,551 shares of the credit services provider's stock after selling 4,835 shares during the period. Mastercard accounts for approximately 0.9% of Arrowstreet
MA unveils an AI-driven Virtual C-Suite, starting with a Virtual CFO designed to help small businesses turn payment data into insights and smarter financial decisions.