Latest news with #BitGo
Yahoo
a day ago
- Business
- Yahoo
Cosmos Health secures $300M financing facility to launch Ethereum strategy
Cosmos Health (COSM) entered into a securities purchase agreement with a U.S.-based institutional investor for the issuance of up to $300M in senior secured convertible promissory notes, subject to the satisfaction or waiver of certain conditions, to support the launch of its Ethereum digital asset treasury reserve strategy. Key Highlights: Strategic accumulation of ETH to enhance long-term shareholder value through increasing ETH-per-share; ETH assets will be custodied and staked through institutional infrastructure provided by BitGo Trust Company; Treasury initiative complements Cosmos Health's ongoing digital transformation and e-commerce efforts, with potential to explore blockchain use cases in supply chain traceability, wellness incentive programs, and global consumer engagement; The Company plans to explore additional yield-generating strategies to optimize cash flow and utility from ETH holdings. Under the terms of the Facility, Cosmos Health is required to allocate at least 72.5% of the net proceeds from each tranche closing toward building its digital asset treasury reserve, with the remainder to be used for working capital and various growth initiatives. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on COSM: Disclaimer & DisclosureReport an Issue Cosmos Health enters U.S. market with DolCas Biotech agreement Sign in to access your portfolio
Globe and Mail
3 days ago
- Business
- Globe and Mail
1 Strategic Shift That Could Redefine Crypto's Future. What You Need to Know About the BitGo IPO
Key Points The Circle IPO has opened the door for digital asset custodian BitGo to go public. New crypto market regulation, combined with wide-scale institutional adoption, makes BitGo attractive as a play on crypto growth. BitGo is a "pick-and-shovel" company, focusing on activities such as crypto custody that are important for institutional investors. 10 stocks we like better than Circle Internet Group › The crypto market has already had one splashy initial public offering (IPO) this summer, and now it may be getting another. Next up is a potential IPO from digital asset custodian BitGo, which recently filed with the Securities and Exchange Commission (SEC) for a public market launch. While an IPO from BitGo may not generate as much buzz or hype as the IPO from stablecoin giant Circle Internet Group (NYSE: CRCL), it could have a more lasting impact on the future of crypto. Here's why. BitGo and institutional adoption of crypto BitGo is a crypto custody means it stores and protects digital assets, including (but not limited to) cryptocurrencies. BitGo makes it easy to transfer digital assets into and out of a portfolio. For the individual investor, this might not seem like a big deal. After all, if you are holding your cryptocurrency assets on an exchange such as Coinbase Global (NASDAQ: COIN), it will do all the heavy lifting for you. And if you choose self-custody (which means that you hold the crypto yourself, in your own blockchain wallet), then you're obviously not in the market for a digital asset custodian like BitGo. But there are plenty of financial services firms, fintechs, and institutional investors that could avail themselves of BitGo's services. Crypto is now a multitrillion-dollar industry, and is growing rapidly. The new era of tokenization is fast approaching for the crypto industry, and this is an area where BitGo can also play a role. Tokenization creates blockchain-native digital assets that must be stored and protected, just like crypto. From my perspective, BitGo is a "pick-and-shovel" company for the crypto industry. The traditional financial services industry is still very new to crypto, and it needs the services of a digital asset infrastructure company like BitGo. In fact, BitGo now offers "crypto-as-a-service" offerings to companies embracing crypto. The investment thesis for BitGo The macro investment thesis for BitGo is easy to understand. The crypto industry is a $4 trillion behemoth, and only getting bigger. New crypto regulation is now on the way, thanks to the Trump administration's pro-crypto policies. Companies left and right are embracing the crypto treasury company model, and they will likely need custody help with their their crypto. And, finally, institutional investors are boosting their portfolio allocations to crypto, while demanding new crypto-focused financial products to meet their investment needs. If you're a skeptic, of course, this is really the investment thesis for any crypto company these days. And, indeed, some analysts have already pointed out that BitGo is just trying to take advantage of a possibly brief window of opportunity when the markets are jazzed about crypto. The Circle IPO showed that there is overwhelming demand from investors for any and all things crypto. Most likely, even investors who had never heard of stablecoins before this summer were champing at the bit to get in on Circle. Keep in mind, too, that BitGo might not even be the highest-profile crypto company to go public this year. Both Grayscale and Gemini are also itching to go public, and both of these companies arguably have more name-brand recognition than BitGo. You might not have heard of the Gemini cryptocurrency exchange, but there's no way that you haven't heard of the company's co-founders, the Winklevoss twins. A new era for crypto? Right now, BitGo has about $100 billion in crypto assets under custody, up from $60 billion at the beginning of the year. And it just announced a major new expansion into Europe, thanks to the crypto market regulation that just went into effect there at the end of 2024. Thus, it is possible to see a major strategic shift happening: the blurring of the line between traditional finance and blockchain finance. These two worlds are coming together in new ways, and no company better signifies this shift than BitGo. Think of the company as an asset manager for crypto. The future of crypto is all about regulated, scalable crypto services for institutional investors. So keep your eyes open for what happens next with BitGo. When the company filed with the SEC, it did not announce how many shares it planned to offer, or any pricing details. That, obviously, will depend on how much demand there is for the IPO. That said, if you're looking to diversify your crypto portfolio, one way to do that is by adding a pick-and-shovel company like BitGo to the mix. Should you invest $1,000 in Circle Internet Group right now? Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
Yahoo
30-07-2025
- Business
- Yahoo
1 Strategic Shift That Could Redefine Crypto's Future. What You Need to Know About the BitGo IPO
Key Points The Circle IPO has opened the door for digital asset custodian BitGo to go public. New crypto market regulation, combined with wide-scale institutional adoption, makes BitGo attractive as a play on crypto growth. BitGo is a "pick-and-shovel" company, focusing on activities such as crypto custody that are important for institutional investors. 10 stocks we like better than Circle Internet Group › The crypto market has already had one splashy initial public offering (IPO) this summer, and now it may be getting another. Next up is a potential IPO from digital asset custodian BitGo, which recently filed with the Securities and Exchange Commission (SEC) for a public market launch. While an IPO from BitGo may not generate as much buzz or hype as the IPO from stablecoin giant Circle Internet Group (NYSE: CRCL), it could have a more lasting impact on the future of crypto. Here's why. BitGo and institutional adoption of crypto BitGo is a crypto custody means it stores and protects digital assets, including (but not limited to) cryptocurrencies. BitGo makes it easy to transfer digital assets into and out of a portfolio. For the individual investor, this might not seem like a big deal. After all, if you are holding your cryptocurrency assets on an exchange such as Coinbase Global (NASDAQ: COIN), it will do all the heavy lifting for you. And if you choose self-custody (which means that you hold the crypto yourself, in your own blockchain wallet), then you're obviously not in the market for a digital asset custodian like BitGo. But there are plenty of financial services firms, fintechs, and institutional investors that could avail themselves of BitGo's services. Crypto is now a multitrillion-dollar industry, and is growing rapidly. The new era of tokenization is fast approaching for the crypto industry, and this is an area where BitGo can also play a role. Tokenization creates blockchain-native digital assets that must be stored and protected, just like crypto. From my perspective, BitGo is a "pick-and-shovel" company for the crypto industry. The traditional financial services industry is still very new to crypto, and it needs the services of a digital asset infrastructure company like BitGo. In fact, BitGo now offers "crypto-as-a-service" offerings to companies embracing crypto. The investment thesis for BitGo The macro investment thesis for BitGo is easy to understand. The crypto industry is a $4 trillion behemoth, and only getting bigger. New crypto regulation is now on the way, thanks to the Trump administration's pro-crypto policies. Companies left and right are embracing the crypto treasury company model, and they will likely need custody help with their their crypto. And, finally, institutional investors are boosting their portfolio allocations to crypto, while demanding new crypto-focused financial products to meet their investment needs. If you're a skeptic, of course, this is really the investment thesis for any crypto company these days. And, indeed, some analysts have already pointed out that BitGo is just trying to take advantage of a possibly brief window of opportunity when the markets are jazzed about crypto. The Circle IPO showed that there is overwhelming demand from investors for any and all things crypto. Most likely, even investors who had never heard of stablecoins before this summer were champing at the bit to get in on Circle. Keep in mind, too, that BitGo might not even be the highest-profile crypto company to go public this year. Both Grayscale and Gemini are also itching to go public, and both of these companies arguably have more name-brand recognition than BitGo. You might not have heard of the Gemini cryptocurrency exchange, but there's no way that you haven't heard of the company's co-founders, the Winklevoss twins. A new era for crypto? Right now, BitGo has about $100 billion in crypto assets under custody, up from $60 billion at the beginning of the year. And it just announced a major new expansion into Europe, thanks to the crypto market regulation that just went into effect there at the end of 2024. Thus, it is possible to see a major strategic shift happening: the blurring of the line between traditional finance and blockchain finance. These two worlds are coming together in new ways, and no company better signifies this shift than BitGo. Think of the company as an asset manager for crypto. The future of crypto is all about regulated, scalable crypto services for institutional investors. So keep your eyes open for what happens next with BitGo. When the company filed with the SEC, it did not announce how many shares it planned to offer, or any pricing details. That, obviously, will depend on how much demand there is for the IPO. That said, if you're looking to diversify your crypto portfolio, one way to do that is by adding a pick-and-shovel company like BitGo to the mix. Should you buy stock in Circle Internet Group right now? Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Dominic Basulto has positions in Circle Internet Group. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. 1 Strategic Shift That Could Redefine Crypto's Future. What You Need to Know About the BitGo IPO was originally published by The Motley Fool Sign in to access your portfolio
Business Times
30-07-2025
- Business
- Business Times
Kraken seeks US$500 million funding at US$15 billion valuation, The Information reports
CRYPTOCURRENCY exchange Kraken is set to raise US$500 million in funding at a US$15 billion valuation, The Information reported on Tuesday, citing people familiar with the matter. A spokesperson for Kraken declined to comment on the report. Cryptocurrency-focused companies have been attracting increased investor interest as the digital asset class benefits from regulatory clarity and growing institutional adoption. This trend has also prompted several crypto firms, including custody startup BitGo and asset manager Grayscale, to pursue US listings. Kraken has been actively investing capital to expand into various asset classes and grow its user base. In March, Kraken said it would acquire futures trading platform NinjaTrader in a US$1.5 billion deal. REUTERS
Business Wire
25-07-2025
- Business
- Business Wire
BitGo Establishes Official Presence in Brazil to Offer Crypto Custody and Digital Treasury Services to Financial Institutions
SíO PAULO--(BUSINESS WIRE)--BitGo, a leading digital asset infrastructure company, today announces the operations launch of BitGo Brasil Tecnologia Ltda., its Brazilian subsidiary established to reinforce the company's commitment to international expansion and alignment with upcoming regulations for virtual asset service providers. With over a decade of experience in custody solutions, products, and services for digital assets, BitGo believes that ongoing discussions in Brazil are moving toward requiring local management of cryptographic keys, a capability the company is already prepared to deliver. By establishing a local presence, BitGo aims to ensure compliance, security, and sovereignty in providing services to financial institutions such as banks, brokerages, and asset managers. The decision to enter the Brazilian market follows the company's receipt of the MiCa license in Germany, one of the industry's most rigorous certifications, which enables BitGo to operate under European standards. The current focus is on building a strong foundation in Brazil, regardless of the country's final regulatory outcome. 'We want banks to see us as allies. We are prepared to meet any demands that arise, with security, technology, and respect for local laws. Even if the legislation takes another path, we will remain here as partners of Brazilian institutions,' says Luis Ayala, BitGo's LatAm Director. Recently, the company expanded its operations with a full portfolio of corporate treasury solutions for digital assets. In addition to insured cold storage custody and OTC trading for institutional investors, BitGo offers automated treasury workflows, audit-ready APIs, and highly specialized technical support. These services were developed for companies seeking not only security but also efficiency and control in their crypto asset operations. With the new Brazilian operation, these services are now offered through a truly localized approach, taking into account Brazil's economic, regulatory, and cultural context. BitGo is prepared to support companies that view cryptocurrencies as a strategic alternative for cash diversification, asset protection, and capital growth. The company believes that by providing technical and regulatory support tailored to the national reality, it is possible to unlock institutional use of digital assets, contributing to market maturity and the development of new, more decentralized, robust, and trend-globally-aligned financial management. 'BitGo Brasil represents not just a geographical expansion but our commitment to the sustainable development of the local crypto ecosystem, offering robust infrastructure tailored to Brazil's economic and regulatory landscape, with a focus on institutional trust,' concludes Luis Ayala. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit
