Hilbert Group Acquires Enigma Nordic for $32 Million to Enhance Crypto Trading Advantage
Hilbert Group Acquisition: Hilbert Group has acquired Enigma Nordic, a high-frequency trading platform, for $32 million, gaining access to its proprietary trading system and market-neutral strategies.
Performance-Based Earn-Outs: The deal includes performance-based earn-outs contingent on Enigma generating $40 million in net income, with $7.5 million in shares and up to $17.5 million in performance-based payments.
Integration Plans: Hilbert plans to integrate Enigma's platform into its hedge fund offerings, aiming to enhance its ability to provide systematic crypto products to institutional investors.
Enigma's Trading Performance: Enigma has reported a trading volume of approximately $5.4 billion in 2025 and a Sharpe ratio above 3.0, indicating high performance in market-neutral digital asset strategies.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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