Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq…

Bitcoin.com | Aug 16, 2022 at 8:00 AM
  • Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo.
  • According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021.
  • Galaxy noted that it still plans to list the company’s shares on Nasdaq following the completion of a Securities and Exchange Commission (SEC) review.