ARBITRUM DAO has approved an eight-week pilot merger program proposed by BERNARD SCHMID, the founding partner of ARETA, aiming to utilize $3 billion in funds for acquisitions. This program seeks to emulate the strategies of large tech companies by exploring the value creation potential of mergers through in-depth strategic research and data-driven discussions. If the pilot is successful, SCHMID plans to establish an acquisition department with a fund pool of $100 million to $250 million, with the goal of identifying and acquiring potential targets within two years. This is a relatively uncommon practice in the crypto space, signaling a new growth strategy adopted by ARBITRUM DAO.

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Odaily Planet Daily News Arbitrum DAO recently approved a proposed eight-week merger pilot program by Bernard Schmid, the founding partner of Areta, a company that provides investment banking services to crypto companies. This sets the foundation for Arbitrum DAO to draw inspiration from strategies of large tech companies. Arbitrum DAO, with $3 billion in funds, stated in the proposal, "In addition to conducting in-depth strategic research on the potential increase in acquisition value, the pilot phase should also serve as a data-driven platform for in-depth discussions rather than opinion-based." If the pilot is successful, Schmid plans to propose a more ambitious initiative: establishing an acquisition department with a fund pool of $100 million to $250 million and identifying and acquiring potential targets within two years. The report commented that while large tech companies have long used acquisitions to drive their rapid growth, this practice is relatively rare in the crypto field. (DL News)

Arbitrum DAO launches an 8-week pilot acquisition plan utilizing $3 billion in funds.