Odaily News - Cryptocurrency custodian company BitGo has completed a $100 million financing, valuing the company at $1.75 billion. The specific investors have not been disclosed yet, but BitGo mentioned that they come from the United States and Asia, some of whom are from outside the cryptocurrency industry. The funds raised in this round will be used for strategic acquisitions, with at least two transactions currently underway.



Previously, BitGo's investors included Goldman Sachs, DRW Holdings, and Galaxy Digital Ventures. BitGo is currently the custodian for FTX creditors, and other clients include financial services company Swan Bitcoin, blockchain developer Mysten Labs Inc., and clothing giant Nike Inc. (Bloomberg)