Galaxy Digitial Ends Plan to Acquire Bitgo

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Sheldon Reback

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

Galaxy Digital, a financial services and investment management company, abandoned a plan to buy Bitgo, saying the crypto custody specialist had failed to provide financial statements by an end-of-July deadline.

The acquisition was announced May 2021 for what was, at the time, about $1.2 billion in stock. The deal was expected to close by the end of that year.

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