Who owns BitGo?

Mike Novogratz’s Galaxy Digital Holdings agreed to buy crypto custodian BitGo Inc. in a cash and stock transaction valued at about $1.2 billion. Galaxy is paying $265 million in cash and is issuing 33.8 million shares to finance the acquisition. BitGo shareholders will own 10% of the company.

What happened to Galaxy Digital's BitGo deal?

Digital asset investment firm Galaxy Digital called off its proposed $1.2 billion acquisition of Palo Alto, California-based BitGo —severing what would have been one of the largest deals in crypto history.

What is BitGo custody?

Safeguard your digital assets with the world’s most secure and compliant custody solution. Built on BitGo’s pioneering multi-signature security, BitGo Custody is purpose-built for securing today’s digital assets. Index portfolio We select the best assets in the space so that our client can have a diversified cryptoportfolio.

How many crypto mergers and acquisitions happened in 2021?

The number of mergers and acquisitions in the crypto and blockchain sectors more than doubled in 2021, and transaction volume boomed to more than $6 billion, according to a report from The Block Research.