BitGo Buys NYDIG Trading Arm for $42.5M Plus $15M Earnout
The deal layers derivatives, structured products and financing on top of BitGo's custody stack, and lands inside a wave of M&A reshaping institutional crypto infrastructure.
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The deal layers derivatives, structured products and financing on top of BitGo's custody stack, and lands inside a wave of M&A reshaping institutional crypto infrastructure.
Together, the deposits total 581 BTC worth about $37.37M, putting miner treasury flows and potential Bitcoin sell-side supply in focus.
The call is conditional on prior cycle depth and duration, not a fresh forecast; BTC is already off nearly 50% from October's $126K high, putting the current drawdown in the same bracket as past…
A transfer to NYDIG custody is the standard preparation step before a sale, and Riot has used it before when trimming its treasury.
NYDIG's Greg Cipolaro maps the overlap: capital rotating to AI, a looming mega-IPO cycle, quantum-risk headlines, an Iranian-asset seizure and Strategy's 32 BTC sale all hit at once — none sufficient…
Riot Platforms transferred 500 BTC, worth approximately $38.24 million, to NYDIG in the past five hours — the latest in…