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