$BTGO

BitGo (BTGO) acquired NYDIG's institutional trading business for $7M in cash and $35.5M in stock, with additional payments tied to revenue milestones. The deal includes 30 NYDIG employees and their client relationships, with $5M in stock and cash retention awards. The acquisition expands BitGo's services to include derivatives and structured products.

BitGo CEO Mike Belshe discussed the acquisition of NYDIG’s institutional trading business, current crypto trends, and the bitcoin price on 'Squawk Box'. He also commented on the Trump family's crypto business and the Clarity Act.

BitGo agreed to acquire NYDIG IF Holdings for $42.5 million in cash and stock, with up to $15 million more tied to revenue milestones. The deal aims to expand BitGo's institutional digital asset services. BitGo also granted NYDIG registration rights for the stock consideration.

BitGo will issue and custody FYUSD, a new stablecoin for Asia-focused institutional investors, developed by New Frontier Labs. FYUSD complies with the GENIUS Act and includes AI commerce features. The stablecoin market faces pressure, with total capitalization down from $300B in December, and USDT supply declining.

BitGo, a crypto custody company, will acquire NYDIG's institutional trading unit, adding derivatives and financing services. The deal includes 30 employees and 250 client relationships. BitGo went public in 2024, raising $213 million.

BITGO HOLDINGS, INC. (BTGO) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 BitGo Acquires NYDIG’s Institutional Trading Business, Expanding Derivatives and Financing Capabilities Transaction Expected to Enhance Derivatives and Financing Capabilities and Strengthen BitGo’s Existing Institutional Trading Platform NEW YORK, NY – August 27, 202

Caladan and BitGo Bank & Trust have expanded their partnership, integrating BitGo's Go Network for institutional settlement. This integration allows Caladan's API Liquidity counterparties to settle trades through the Go Network, enhancing settlement infrastructure for institutional desks. The integration is live as of August 25, 2026. BitGo (NYSE: BTGO) is a digital asset infrastructure company offering various services, including custody and settlement.

BitGo Korea secured South Korea's first direct crypto license for a foreign firm, approved by the Korea Financial Intelligence Unit on August 18, 2026. The license allows BitGo to provide custody and transfer services to institutional clients. BitGo partnered with Hana Financial Group and SK Telecom, holding a 53% stake. The approval comes just before stricter VASP registration and AML requirements took effect on August 20.

BitGo Holdings (BTGO) has secured a virtual asset services provider license in South Korea, allowing it to serve institutional investors in the country's active digital asset market. The company established a local operation, BitGo Korea, and met local security and regulatory requirements. BTGO stock has fallen 65% since its IPO, trading at $6.48 on Aug. 20.

BitGo Holdings (BTGO) shares rose 15% after announcing a $50M share repurchase program, reflecting confidence in its long-term value. The buyback, authorized by the board, allows for flexible purchasing methods and no fixed expiration. BTGO expects to fund the program using existing cash, with no impact on its regulated subsidiaries' capital positions. The move follows BitGo's February IPO and comes amid similar actions by other crypto-adjacent companies.