Polygon Labs Bolsters Stablecoin Payments Push, Acquiring Coinme and Sequence
Polygon Labs signaled that it’s becoming a regulated payments company by acquiring Coinme and Sequence for a combined $250 million....
Jan 13Decryptcryptocurrency
Polygon Labs signaled that it’s becoming a regulated payments company by acquiring Coinme and Sequence for a combined $250 million....
The company began accepting Bitcoin as a method of payment in May 2025, following hundreds of store closures between 2018 and 2025....
The company also plans private debt-for-equity swaps for some holders of the Semler convertible notes that may shrink its offering size....
The Nasdaq-listed company is rolling out an onchain equity system that allows real shares to be issued and lent directly on blockchain infrastructure....
The company’s move closer to artificial intelligence and high-performance computing followed many others repurposing some of their infrastructure away from mining crypto....
The latest purchase boosted the company’s Ether holdings to about 3.4% of the token's circulating supply, as Bitmine's chairman, Tom Lee, aims to accumulate 5% of the total outstanding supply....