BREAKING: Mike Novogratz’s Crypto Bank Acquires BitGo Custodial Service

Yuri Molchan

Galaxy Digital agrees to acquire crypto custodian BitGo

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Wed, 5/05/2021 - 10:38

BREAKING: Mike Novogratz’s Crypto Bank Acquires BitGo Custodial Service

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CoinDesk has reported that Galaxy Digital investment crypto bank founded and led by Mike Novogratz is preparing to buy crypto custodial service BitGo for a whopping $1.2 billion.

BitGo shareholders will receive around $265 million in cash and 33.8 million of recently emitted shares of the company.

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Mike Novogratz is a crypto believer who has been an early investor in Bitcoin and Ethereum, becoming the first-ever ETH buyer from Wall Street back in 2015, when he bought 500,000 ETH for around $0.99 per coin.

#Mike Novogratz #Bitcoin #Ethereum News

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.