#bitgo
8 articles found
Latest
Wall Street eyes IPO‑ready crypto firms over altcoins
A new note from Matrixport argues that this cycle’s “alpha” is migrating from early‑stage tokens to crypto businesses that can tap public markets. They estimate that a large lineup of crypto companies preparing IPOs could raise tens of billions of dollars. That pitch lands as BitGo publicly filed for a U.S. listing and as ETF deadlines stack up through October. 
FTX Recovery Trust pays $1.6 billion to creditors
FTX Recovery Trust started distributing approximately $1.6 billion to eligible creditors. The payment represents the third round under the exchange's Chapter 11 plan and will reach recipients through BitGo, Kraken, or Payoneer within one to three business days. BitMine treasury reaches $9.2B after $201M ETH purchase
BitMine Immersion Technologies purchased 46,255 ETH worth approximately $201 million on Sept. 10 through three separate transfers from BitGo. The acquisition came just days after the company bought 202,500 ETH on Monday, bringing its total holdings above 2.1 million coins valued at around $9.2 billion. 
BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year. 
1 - 8 of 8 results