Coincheck to Acquire 97% Stake in 3iQ for $111.8 Million
- Market Expansion Plan: Coincheck Group has announced plans to issue 27,149,684 new shares, estimated to be worth around $111.8 million, to acquire a 97% stake in Canadian digital asset manager 3iQ, significantly enhancing its position in the global institutional crypto market.
- Regulatory Approval Pending: The acquisition is expected to be completed by the second quarter of 2026, pending regulatory approval, but if successful, it will allow Coincheck to control 3iQ’s portfolio of regulated exchange-traded funds (ETFs) and digital asset funds, driving long-term growth.
- Product and Infrastructure Enhancement: Coincheck CEO Gary Simanson stated that 3iQ will provide high-quality product offerings, strong infrastructure, and expert asset management skills, which will enhance Coincheck's competitive edge in the market.
- Shareholder Interests Secured: Coincheck plans to offer the same acquisition terms to 3iQ’s minority shareholders, potentially resulting in the issuance of up to 810,435 additional ordinary shares, thereby further solidifying its full control over the asset management company.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for RECALL
Technical Sentiment Analysis for Recall (RECALL) As of , Recall (RECALL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RECALL 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, RECALL 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 $-.
Recall (RECALL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0165 | 0.0309 | 0.0429 | 0.0573 | 0.0693 | 0.0837 | 0.0957 |
| Fibonacci | 0.0309 | 0.041 | 0.0472 | 0.0573 | 0.0674 | 0.0736 | 0.0837 |
About RECALL
About the author
