Cryptocurrency custody company Copper's potential acquisition offer is about $200 million, far below the $500 million asking price

According to CoinDesk, citing informed sources, the cryptocurrency custody company Copper, which was once valued at up to $2.5 billion, has attracted the interest of potential buyers, but the offers are only $200 million, far below the $500 million offer made by Cantor Fitzgerald a few months ago.

Informed sources revealed that the company is facing challenges related to preferred stock after completing over $300 million in financing at a high valuation.