Mentioned:
BTGO -14.95% GLXY -11.51%

One of the biggest custodians in crypto is now a publicly traded company on the Nasdaq.

What’s happening:

  • BitGo (NASDAQ: BTGO) has successfully raised approximately $213M USD in their IPO financing round and begun trading on the Nasdaq

By the numbers:‍

  • BitGo issued approximately 11.8M common shares at $18.00 USD as part of their IPO financing round which gave BitGo a valuation of roughly $2B USD

Why it matters:‍

  • BitGo is one of the single largest custody and infrastructure companies in crypto and has partnered with some of the largest institutional investors in digital assets

Going deeper:‍

  • BitGo has secured digital assets for over 100M users and has partnered directly with more than 150 crypto exchanges globally
  • Multiple notable venture capital funds and digital asset investors were early backers in BitGo including Galaxy Digital (NASDAQ: GLXY), Craft Ventures, Valor Equity Partners and Goldman Sachs

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