ICYMI: Analysis of Galaxy Digital’s $1.2bn Acquisition of BitGo
Galaxy Digital’s $1.2bn acquisition of BitGo has been called off with Galaxy Digital citing BitGo’s failure to provide audited financial statements for fiscal year 2021Galaxy Digital closed Monday, August 15th, trading at $6.85 / share, a +6.3% move in intra-day trading
Today, August 16th, Galaxy is currently trading at $5.97 / share, a ~13% decline in intra-day trading at the time of this writing Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research.Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets.
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