The Toronto-based Ethereum-focused investment firm will continue to hold a minority stake in the cryptocurrency-payments company, following the collapse of online-checkout company Bolt Financial’s proposed US$1.5 billion acquisition of the firm. (The Logic)

Talking point: Bolt announced its proposed acquisition of Wyre in April, one month before a massive collapse in value in the cryptocurrency sector and prior to a broader tech selloff. The deal would have been the largest ever non-SPAC acquisition of a crypto company, according to Axios. In November 2021, Ether Capital announced its intention to focus on holding and staking Ethereum’s native cryptocurrency Ether and sell other assets it doesn’t consider “strategic.” In a release following the announcement of the proposed acquisition, Ether Capital CEO Brian Mosoff said he believed the sale would have represented “an excellent outcome for shareholders.” The total value of Ether Capital’s assets fell 65 per cent to $67.4 million at the end of the third quarter, compared to $193.2 million at the end of March.