Arbitrum Plans Acquisitions
May 19, 2024
The Arbitrum DAO, which governs the largest layer 2 Ethereum network, has overwhelmingly approved a vote to launch an eight-week pilot mergers and acquisitions program. With a treasury holding $3 billion in crypto assets, they have the capital to proceed. However, acquiring other entities in the decentralized finance world is challenging since the largest players are not companies but DAOs, where community votes determine the outcomes.
