BitGo plans US$42.5 million acquisition of NYDIG institutional trading business
The proposed deal would add derivatives, structured products and financing to BitGo’s digital-asset infrastructure, while NYDIG shifts towards power and data centres.
BitGo Holdings plans to acquire NYDIG’s institutional trading business for about US$42.5 million, according to reporting by CNBC and a regulatory filing cited by Yahoo Finance. Most of the consideration is expected to be paid in BitGo stock.
The transaction would expand BitGo beyond custody, settlement and wallet services into derivatives, structured products, financing and other capital-markets activities. About 30 NYDIG employees and roughly 250 institutional client relationships are expected to transfer to BitGo, although the supplied material does not establish the timing or completeness of those transfers.
NYDIG plans to focus on power generation, Bitcoin mining and high-performance computing data centres. The company reportedly has an infrastructure development pipeline exceeding 3 gigawatts.
BitGo went public earlier in 2026 and has a reported market value below US$1 billion, compared with an approximate US$2 billion IPO valuation. The proposed acquisition comes as cryptocurrency prices and trading activity have recently recovered, with Bitcoin recently topping US$80,000, though the material does not establish whether that recovery will persist.
Completion status and final terms have not been independently established in the supplied material. The deal’s effect on BitGo’s revenue, earnings and integration costs is also unknown.
