Reported Bloomberg, cryptocurrency custody company BitGo has completed a funding round of $100 million at a valuation of $1.75 billion. BitGo declined to disclose specific investors but mentioned that investors are from the United States and Asia, with some from outside the cryptocurrency industry. This funding round will be used for strategic acquisitions, with at least two transactions currently in progress.
BitGo is currently the custodian for FTX creditors and its clients also include financial services company Swan Bitcoin, blockchain developer Mysten Labs, and clothing giant Nike.
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Fund Raising
