Goldman Sachs and Mike Novogratz Announce Multi-Million Dollar Investment in Bitgo Seeking to Attract Institutional Investors

Goldman Sachs Group Inc. is investing heavily in BitGo Holdings Inc., a subsidiary of Bitgo created to provide crypto assets custody solutions.

According to Bloomberg, Goldman Sachs’ investment follows the contribution of Galaxy Digital Ventures, a firm created by Mike Novogratz. The amount of money raised by BitGo in its Series B fundraising exceeds 15 million dollars from these two companies alone.

The total amount raised by BitGo is estimated at 57.5 million dollars according to...

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