Jefferies, an investment bank, has built a strong presence in the crypto-asset space since assisting MicroStrategy (now renamed Strategy) in acquiring Bitcoin in 2019. To date, Jefferies has completed 120 transactions in areas such as fintech, market structure and exchanges, with a cumulative transaction value of more than $150 billion. In addition, Jefferies is also a mainstream investment bank that has dedicated senior bankers for crypto assets. It has become a full-service crypto investment bank. Its participation in representative transactions includes: Kraken's acquisition of NinjaTrader ($1.50 billion), Galaxy Digital and DRW financing, and acting as an advisor to the unsecured creditor committee in the FTX bankruptcy case.