WebAug 15, 2024 · On Monday, Galaxy Digital said it was terminating a $1.2 billion deal to acquire crypto custodian and prime broker BitGo originally announced in May 2024. Galaxy said it won’t pay a termination ... WebSep 13, 2024 · BitGo has made good on a promise to sue Galaxy Digital for abandoning its plan to buy the crypto asset custody and management company for $1.2 billion. In a lawsuit filed Tuesday, BitGo accused the crypto financial services company of “improper repudiation and intentional breach of its merger agreement.
Galaxy Digital Abandons $1.2B BitGo Acquisition - BeInCrypto
WebApr 20, 2024 · Read more: Galaxy Digital Prepares for US Listing in 2024, Names New CFO BitGo has raised $69.5 million over six funding rounds, which has included investments from Galaxy Digital. WebBitGo acquired by Galaxy Digital. In May 2024, Galaxy Digital agreed to buy the BitGo for $1.2 billion in cash and stock. Galaxy Digital CEO and Founder Michael Novogratz said that this acquisition was done in order to attract both individual and institutional customers, like traditional banks. The deal is expected to close in Q4 of 2024. how is monster made
Galaxy Digital to Acquire BitGo to Form Pre-Eminent …
WebAug 15, 2024 · BitGo says it will seek over $100 million in damages after Galaxy Digital announced the termination of its deal to acquire it. ... BitGo to Sue Galaxy Digital for Pulling Out of Acquisition Deal Galaxy Digital today said it would no longer acquire BitGo in what would have been a massive deal in the crypto world. BitGo is now suing. WebNov 16, 2024 · Galaxy Digital Looks to Complete BitGo Acquisition, US Listing by Q1 2024 Blockchain News Register BusinessWire Newsletter Sign Up Subscribe now and get … WebMar 30, 2024 · BitGo is the only digital asset company that has been focused exclusively on serving institutional clients since 2013. BitGo secures approximately 20% of all on-chain Bitcoin transactions by value and supports more than 300 digital assets within its platform. ... Galaxy Fund Management is the crypto funds brand of Galaxy Digital, the blockchain ... highland sparks keira montclair