On August 27, 2026, BitGo Holdings, Inc. entered into a definitive merger agreement to acquire the institutional trading business and related assets of NYDIG. The transaction involves a two-step merger where BitGo pays $7 million in cash, issues shares valued at approximately $35.5 million, and provides contingent rights for up to $15 million in additional cash and equity based on revenue milestones. Approximately 30 employees and client relationships transferred to BitGo, which aims to expand its derivatives, financing, and capital markets capabilities within its regulated digital asset infrastructure platform. This acquisition strengthens BitGo's institutional trading offerings alongside its existing custody and settlement services.
