BitGo säkrar $100M-finansiering, ger värdering till $1.75B
- Kryptovalutaförvararen BitGo har samlat in $100 miljoner i en ny serie C-finansieringsrunda.
- Företaget värderas till $1,75 miljarder efter att ha fått finansiering från nya investerare baserade i USA och Asien.
- The funds will be utilized to make strategic acquisitions and expand the firm’s services globally.
- The CEO of BitGo noted that it is “definitely a rough market” due to regulatory uncertainty.
BitGo, ett företag för digitala tillgångar som är baserat i Palo Alto, Kalifornien, har tillkännagett en serie C-finansieringsrunda, och enligt VD Mike Belshe innehöll den nya omgången helt nya investerare från USA och Asien. Detta bekräftas inte särskilt länge efter att kryptoförvaringsinstitutet förlorade i en rättslig strid mot Galaxy Digital, ett företag för förvaltning av digitala tillgångar.
Enligt den 16 augusti Rapportera from Bloomberg, BitGo is now valued at $1.75 billion after raising $100 million from unnamed investors in the Series C funding round. It is crucial to note that the funds will be utilized to make strategic acquisitions and expand the firm’s secure and regulated custody, wallet, and infrastructure solutions globally.
Interestingly, BitGo is known for securing clients’ assets by protecting private keys, sometimes in physical vaults. It is currently the custodian for the creditors of the bankrupt crypto exchange FTX, founded by Sam Bankman-Fried, also known as SBF in the crypto sector, along with financial services firm Swan Bitcoin, blockchain developer Mysten Labs Inc., and apparel giant Nike Inc.
On the other hand, the CEO of BitGo noted that it is “definitely a rough market,” adding that his firm’s focus on gaining regulatory licenses and approvals has proved beneficial amid an uncertain time for the crypto sector in the United States. Regulators are currently involved in a debate over whether to classify digital assets as commodities or as securities, with the Securities and Exchange Commission (SEC) emphasizing the latter.
Belshe said that “regulatory safety is just on everybody’s minds right now,” while adding:
“Not only are we seeing growing demand for regulated custody solutions in the United States, but we’re also seeing the demand on a global scale.”
While the BitGo executive refrained from revealing the names of its new investors, Belshe did reveal that some of the investors were not part of the crypto sector. More importantly, the firm’s previous investors include Goldman Sachs Group Inc., DRW Holdings, and Galaxy Digital Ventures.
Som tidigare rapporterats av Bitnation var BitGo tittar på förvärvet av Prime Trust men tog en helomvändning, och den senare har nu ansökte om kapitel 11 i konkurs.