Cryptocurrency company Ctrl Wallet is seeking to be acquired, with the bidding deadline at the end of this month

according to CoinDesk, Emile Dubie, CEO and founder of the multi-chain self-custody wallet solution Ctrl Wallet, stated in an interview that the company is seeking to be acquired. This sale process was initiated after the company received two acquisition proposals at the end of last year.

The wallet provider, formerly known as XDEFI, received an acquisition offer from a crypto protocol, as well as a proposal to merge with a large decentralized exchange (DEX). Dubie added that the company subsequently hired investment bankers to organize the sale process, with consulting provided by Imperii Partners. The auction process is currently underway, with the bidding deadline set for January 28, and the winner is expected to be announced on January 31.

Dubie stated that Ctrl Wallet currently has 650,000 users, with a goal of surpassing 2 million users by the end of the year.