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GALAXY DIGITAL Galaxy Digital to Acquire BitGo to Form Pre - Eminent Global Provider of Digital Asset Financial Services for Institutions Acquisition Makes Galaxy Digital the First Full - Service Financial Platform for Digital Assets Adding BitGo's Innovative Infrastructure Solutions to Our Industry - Defining Product Suite Galaxy to Undergo a Domestication Process on Intended Path to U.S. Listing Later this Year NEW YORK AND SAN FRANCISCO , May 5 , 2021 / PRNewswire / - Galaxy Digital Holdings Ltd. ( TSX : GLXY ) ( " Galaxy Digital " or the " Company " ) , a financial services and investment management innovator in the digital asset , cryptocurrency , and blockchain technology sectors , announced today that it has agreed to acquire BitGo , the leading independent digital assets infrastructure provider . The acquisition will position Galaxy Digital as a leading global full - service platform for institutions seeking access to the crypto economy , offering an unparalleled breadth of industry - leading products and services at scale . " The acquisition of BitGo establishes Galaxy Digital as a one - stop - shop for institutions and significantly accelerates our mission to institutionalize digital asset ecosystems and blockchain technology , " said Mike Novogratz , CEO and Founder of Galaxy Digital . " The power of the technology , solutions , and people we will have as a result of this acquisition will unlock unique value for our clients and drive long- term growth for our combined business . We are excited to welcome Mike Belshe and the talented BitGo team to Galaxy Digital . " BitGo was the first independent regulated custodian , purpose - built for digital assets . Since its founding in 2013 , BitGo has been a pioneer in developing leading custody and wallet infrastructure products , financial products including prime lending , trading , and portfolio management , as well as tax solutions that mitigate risk and optimize capital efficiency . Today , it is a leading custody provider with over $ 40 billion of assets under custody , serving over 150 exchanges and over 400 institutional clients . BitGo processes over 30 billion monthly transactions , supports the custody of more than 400 coins and tokens and provides clients with the most comprehensive insurance available in the market . BitGo's product suite is complementary to Galaxy Digital's existing offerings across Asset Management , Trading , Investment Banking , and Mining . The combined business will be uniquely positioned to serve the entirety of clients ' financial services needs , whether they are storing assets or transacting . Galaxy Digital believes being best equipped to meet evolving client needs will be the defining factor for industry leadership . " Joining Galaxy Digital represents an exciting new chapter for our business , as our current clients gain access to a wide set of financial solutions , " said BitGo CEO and Founder , Mike Belshe . " We will now be in a position to offer our best - in - class digital asset infrastructure capabilities to significantly more corporate , institutional , and high net worth investor clients . "