Coincheck Acquires 97% of 3iQ for $112M to Enhance Digital Asset Services
- Acquisition Deal: Coincheck Group N.V. announced a $112 million acquisition of a 97% stake in Canadian digital asset manager 3iQ, targeting completion in Q2 2026, which will significantly enhance its digital asset management capabilities, particularly for institutional investors.
- Market Impact: This acquisition is expected to provide Coincheck with a broader range of digital asset services, although no immediate impact on valuations of major cryptocurrencies like BTC and ETH is noted, it may enhance its competitive position in the long run.
- Equity Structure Change: The transaction involves delivering 27.15 million shares of Coincheck to Monex Group, Inc., with the potential for an additional 810,435 shares to 3iQ's minority shareholders, marking a shift in Monex's control to Coincheck and further solidifying Coincheck's position in the digital asset space.
- Strategic Outlook: Coincheck aims to leverage 3iQ's regulated products and infrastructure to drive new revenue synergies, although the full benefits will only be realized post-regulatory and due diligence completion, this move demonstrates its long-term commitment to the digital asset market.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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