BitGo

Bitcoin-focused asset management firm Galaxy Digital will be acquiring digital asset custody provider BitGo for $1.2 billion — the largest-ever acquisition of a company offering bitcoin services.

“The acquisition will make Galaxy Digital a crypto-focused financial-services firm with more than $40 billion in assets under custody,” The Wall Street Journal reported. “The combined company will offer an array of products and services, including trading, custody and asset management, investment banking, prime lending, tax services and even a mining operation, aimed mainly at institutional investors.”

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