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      BitGo Acquires NYDIG's Trading Business for $42.5 Million

      BitGo Holdings has completed the acquisition of NYDIG's institutional trading business for approximately $42.5 million, a deal finalized on August 27, 2026. The acquisition aims to provide institutions with a comprehensive solution for managing digital assets, according to BitGo CEO Mike Belshe. The transaction involved $7 million in cash and about $35.5 million in BitGo stock, with potential performance-based earnouts of up to $15 million tied to future revenue milestones.

      The integration of NYDIG’s trading unit enhances BitGo's offerings by adding capabilities such as derivatives, structured products, and broader capital markets infrastructure. This expansion allows BitGo to serve large asset managers and bank treasury desks more effectively, consolidating services that were previously handled by multiple vendors. Approximately 30 employees from NYDIG have joined BitGo as part of the acquisition.

      NYDIG's decision to sell its trading business reflects a strategic shift towards developing energy and computing infrastructure, particularly in bitcoin mining and high-performance computing data centers. The firm is reportedly focusing on projects with a development pipeline exceeding 3 gigawatts. This move aligns with BitGo's recent public listing on the New York Stock Exchange in January 2026, which provided the company with stock as a currency for acquisitions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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