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BTCC / Hashtag / galaxy digital billion acquisition
#Bnb #XRP #aave
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What is Galaxy Digital's BitGo acquisition?

The acquisition was agreed in May 2021, with San-Francisco-based BitGo set to help Galaxy Digital expand its offerings for institutional investors. The transaction, the first $1 billion deal in the crypto industry, had an anticipated close in Q4 last year.

What is the Galaxy acquisition?

Galaxy's aim with the acquisition is to expand its prime brokerage offering. Around 40 people would be joining Galaxy's team, including blockchain engineers and cryptographers. Expand Galaxy's global footprint with a new office in Tel Aviv, Israel, is a major outcome of the deal, which is subject to regulatory approval.

Who is Galaxy Digital Holdings?

Galaxy Digital Holdings Ltd. will serve as a liquidity provider on Bitcoin futures for Goldman Sachs Group Inc. as the securities firm re-enters the cryptocurrency markets.

How much does Galaxy pay in cash?

Galaxy is paying $265 million in cash and is issuing 33.8 million shares to finance the acquisition. BitGo shareholders will own 10% of the company. The deal broadens Galaxy’s offerings and geographic reach.

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