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Listed company TROOPS plans to merge with EFFORCE in an all-stock deal valued at no less than $40 million.

BlockBeats news, October 12: Nasdaq-listed company TROOPS announced a merger with blockchain energy efficiency platform EFFORCE in an all-stock deal with a minimum valuation of $40 million. EFFORCE was co-founded in 2020 by Apple co-founder Steve Wozniak and others, and Wozniak will continue to hold EFFORCE shares after the merger.

This transaction will integrate TROOPS' financial services and technology businesses with EFFORCE's technology and experience in blockchain and sustainable development. TROOPS plans to use this to expand its digital asset infrastructure and cryptocurrency trading businesses.

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Listed company TROOPS plans to merge with EFFORCE in an all-stock deal valued at no less than $40 million.

A certain whale unstaked 304,600 HYPE, valued at approximately $27.19 million.

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