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Galaxy Puts a Stop to BitGo Deal

·1-min read
Galaxy Puts a Stop to BitGo Deal

Crypto’s [first billion-dollar deal](https://www.wsj.com/articles/galaxy-digital-to-buy-bitgo-in-crypto-sectors-first-1-billion-deal-11620212281) is no more. [Mike Novogratz’s](https://www.wsj.com/articles/mike-novogratzs-crypto-comeback-faces-a-trial-by-fire-11654315211) Galaxy Digital Holdings Ltd. said it’s terminating a deal to buy BitGo for $1.2 billion, claiming the crypto custody firm failed to deliver audited financial statements for 2021 by July 31. The cash-and-stock deal was announced