Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements
Lucy Harley-McKeown / The Block : Source: Canada NewsWire Group .
Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements
- Galaxy Digital announced on Monday that it would terminate its deal with crypto custodian BitGo, which had been announced in May 2021. Source: Canada NewsWire Group .
Crypto-focused financial services company Galaxy Digital acquires BitGo, which makes multi-signature cryptocurrency wallets, for $1.2B in cash and stock
Crypto-focused financial services company Galaxy Digital acquires BitGo, which makes multi-signature cryptocurrency wallets, for $1.2B in cash and stock
Purchase coincides with a nearly yearlong rally in the sector, whose market value has surged to $2 trillion
Sources: PayPal is exploring acquisitions of cryptocurrency companies, including holding talks with BitGo, which makes multi-signature cryptocurrency wallets
- Goldman-backed startup helps investors store Bitcoin securely — No deal is finalized and talks could still fall apart