BitGo demands $100M from Galaxy Digital over failed merger
BitGo is seeking $100 million from Galaxy Digital following the collapse of a proposed $1.2 billion merger. The deal, which was announced in May 2021, fell apart in August 2022 due to alleged breaches of contract. Both companies are currently engaged in legal disputes while also having announced a staking partnership in early 2025.
- ▪BitGo is pursuing at least $100 million in damages from Galaxy Digital after their merger fell through.
- ▪The proposed acquisition was initially valued at $1.2 billion and was announced in May 2021.
- ▪Galaxy terminated the merger agreement in August 2022, citing BitGo's failure to provide compliant audited financial statements.
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BitGo demands $100M from Galaxy Digital over failed merger A $1.2 billion crypto acquisition fell apart in 2022, and the legal fallout is still far from over. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); BitGo is pursuing at least $100 million in damages from Galaxy Digital after the collapse of what would have been one of the largest acquisitions in the crypto custody space.
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