US Galaxy acquires asset management company, the largest virtual currency M & A
[New York] Galaxy Digital Holdings, Inc., which is related to crypto assets (virtual currency), announced on the 5th that it will acquire BitGo, which manages and stores digital assets. Strengthen services for institutional investors, where demand is expected to grow. The total acquisition amount is 1.2 billion dollars (about 130 billion yen), which is the largest M & A (merger / acquisition) in the virtual currency industry. This is the first M & A deal in the cryptocurrency industry that exceeds $ 1 billion, according to US research firm DealLogic.