BitGo to Buy NYDIG Trading Arm for $42.5M in Cash and Stock | Blockchain altcoins news

BitGo will acquire the trading arm of NYDIG in a deal valued at $42.5 million, financed with a mix of cash and BitGo stock, plus a possible $15 million earnout tied to future performance, according to CoinDesk. The transaction would bring a dedicated institutional digital-asset trading operation under BitGo’s custody and infrastructure platform. The reported consideration includes $7 million in cash and roughly $35.5 million in BitGo shares. NYDIG’s parent, Stone Ridge, could receive up to an additional $15 million if revenue milestones are met. Earnout terms and the closing timetable remain key uncertainties.