Michael Novogratz's company plans to acquire BitGo to provide optimal trading conditions for institutional investors
BitGo has been operating in the cryptosphere since 2013. It supports more than 400 crypto, conducts 1/5 of all transactions in the BTC network. It manages $40 billion.
The deal will be concluded within 2021. The two companies will merge. BitGo stockholder will be allocated 33.8 million stocks of Galaxy Digital and $265 million.
Galaxy Digital will become the biggest platform for providing services to institutional investors.