• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Galaxy Digital withdraws $ one.two billion BitGo acquisition deal

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Galaxy Digital has made the decision to abandon its strategy to obtain the BitGo cryptocurrency custodian platform just after a yr of diligent investigate.

Galaxy Digital withdraws $ one.two billion BitGo acquisition deal

Galaxy Digital, a well-liked cryptocurrency investment fund managed by billionaire Mike Novogratz, has nowadays … I notifyo terminate the BitGo acquisition contract, citing breach of contract.

Related articles

Coin68 Weekly Magazine (November 20 - November 26): Shocking $4.3 Billion Fine for Binance

Coinlive Weekly Magazine (November twenty – November 26): Shocking $four.three Billion Fine for Binance

November 26, 2023
Atlético Madrid Club is suing WhaleFin for canceling its shirt sponsorship deal

Atlético Madrid Club is suing WhaleFin for canceling its shirt sponsorship deal

November 24, 2023

Mike Novogratz’s Galaxy Digital stated it will halt the acquisition of BitGo in a $ one.two billion deal, citing the cryptocurrency custodian’s non-delivery of the licensed 2021 stability sheet by a deadline. https://t.co/UOtUL6TXFUND

– Bloomberg Markets (@markets) August 15, 2022

According to the statement, Galaxy unilaterally terminated the merger deal simply because BitGo did not offer licensed 2021 money statements by July 31, 2022. At the similar time, the fund will not have to pay out any charges.

Galaxy initially uncovered its intention to obtain BitGo final May to accelerate its ideas to record shares in the United States. If effective, it will come to be a single of the biggest offers in the cryptocurrency business, bringing Galaxy to about 400 new international buyers and expanding the company’s geographic attain.

A yr just after the announcement and many delays, Galaxy is anticipated to full the transaction by the finish of the yr. But so far, the $ one.two billion deal has officially come to an finish.

Even so, Galaxy continues to pursue its strategy to set foot in the United States, Novogratz CEO stated:

“Galaxy is nonetheless moving forward and leveraging strategic possibilities for sustainable improvement. We are committed to continuing the listing procedure in the United States and supplying our customers with a main and distinctive remedy for institutions. “

Last week, Galaxy reported an unrealized reduction of a lot more than half a billion bucks in the 2nd quarter of 2022 for cryptocurrencies. Despite the reduction, the corporation continues to increase capital and retain an eye out for quite a few likely merger and acquisition offers.

Even even though the current cryptocurrency winter had a adverse affect, Galaxy nonetheless holds $ one.five billion in money, mainly in money, at the finish of June. Song Galaxy is about to launch a new product or service named Galaxy One Prime, for institutional traders with trading, lending and derivatives companies.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: acquisitionbillionBitGodealDigitalGalaxywithdraws
Share76Tweet47

Related Posts

ECB Cuts Interest Rates; Bitcoin Prices Surge

by shark
June 6, 2025
0

The European Central Bank's decision to reduce interest rates to 2% on June 5, 2025, positively impacts cryptocurrency markets, causing...

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7