Ryvyl Shares Skyrocket on $75M Merger with Web3 Firm RTB Digital
The deal will combine Ryvyl's payment technology with RTB's decentralized media platform, signaling a major strategic pivot.
Shares of Ryvyl Inc. (NASDAQ: RVYL) surged nearly 160% on massive trading volume following the announcement of a with RTB Digital, Inc., a Web3 digital media SaaS company. The deal, valued at approximately $75 million, marks a significant strategic move to create a combined entity focused on decentralized media and digital payments.
The merger will integrate Ryvyl's digital payment infrastructure with RTB Digital's media technology and client network, which includes prominent names like Yahoo and TheStreet. The combined company will operate under the name 'RTB Digital, Inc.' and do business as 'Roundtable.' James Heckman, the founder of Roundtable, is set to become the CEO of the newly formed entity, which aims to accelerate revenue and distribution growth by leveraging both companies' strengths.
RTB Digital, also known as Roundtable, is a that provides white-label solutions for publishing, community management, and monetization. The strategic combination with Ryvyl, a company specializing in payment processing services, is poised to create a vertically integrated platform for the burgeoning Web3 media landscape.
As part of the transaction, RTB Digital will contribute over $30 million worth of Bitcoin to the merged company's treasury, a move that underscores the new entity's commitment to the digital asset space. This infusion of cryptocurrency assets provides substantial capital for future growth and platform development. The deal is a clear indicator of the increasing convergence between traditional fintech and decentralized technologies, as companies seek to build comprehensive ecosystems for the next generation of the internet.
The market's reaction was immediate and overwhelmingly positive, with RVYL's stock price experiencing one of its most significant single-day gains. The high trading volume suggests strong investor confidence in the merger's potential to unlock new revenue streams and establish a competitive position in the decentralized media market. The transaction is expected to close by the end of 2025, subject to customary closing conditions and shareholder approval.