Galaxy Digital Back Pedal fuq ftehim ta' $1.2 biljun għall-akkwist ta' BitGo, BitGo biex tfittex $100 miljun f'danni

By Bitcoinist - 1 sena ilu - Ħin tal-Qari: 3 minuti
Tne, 15 Awissu, 2022 6:44 PM

Galaxy Digital Back Pedal fuq ftehim ta' $1.2 biljun għall-akkwist ta' BitGo, BitGo biex tfittex $100 miljun f'danni

Galaxy Digital ħabbret li qed tirrinvija mill-akkwist propost tagħha ta '$ 1.2 biljun tal-kustodju tal-kripto-munita, BitGo.

Akkwist ta '$ 1.2 biljun ta' BitGo ibbażat f'Palo Alto, California mid-ditta ta 'investiment ta' assi diġitali Galaxy Digital ġie kkanċellat, u spiċċa wieħed mill-akbar akkwisti fl-istorja tal-kripto-munita.

In a press release, Galaxy Digital stated that it is ending the agreement because the cryptocurrency custody company was unable to deliver the audited financial statements that were due by the end of the previous month.

Mike Novogratz, CEO u fundatur ta 'Galaxy Digital qal:

“Il-Galaxy tibqa’ f’pożizzjoni għas-suċċess u biex tieħu vantaġġ minn opportunitajiet strateġiċi biex tikber b’mod sostenibbli. Aħna impenjati li nkomplu nkomplu l-proċess tagħna biex nilnutaw fl-Istati Uniti u nipprovdu lill-klijenti tagħna soluzzjoni ewlenija li tassew tagħmel lill-Galaxy one-stop shop għall-istituzzjonijiet.”

The M&A transaction would have been one of the biggest ever in the industry. The largest cryptocurrency transaction, according to Crunchbase data, involved the e-commerce startup Bolt purchasing the crypto and payment infrastructure business Wyre for $1.5 billion in April.

When the cryptocurrency industry was only getting started in May of last year, the proposed Digital Galaxy/BitGo agreement was disclosed. Digital assets, however, have had a very different year than last, with Bitcoin alone down about 65% from its November highs.

L-għan tal-ftehim kien li żżid il-firxa tas-suq ta 'Galaxy bħala pjattaforma għal servizzi finanzjarji b'fokus ta' kripto-munita. Galaxy Digital kien igawdi ħafna mill-akkwist ippjanat, li kien ipoġġi n-negozju bħala pjattaforma ta 'ġestjoni tarf sa tarf b'servizzi ta' kustodja eċċellenti u sigurtà mill-aqwa. Minbarra aktar servizzi ta’ kustodja għal klijenti istituzzjonali, l-akkwist kien joffri wkoll servizzi ta’ investiment bankarju, taxxa u konformità regolatorja, u aktar.

"L-akkwist ta 'BitGo jistabbilixxi Galaxy Digital bħala one-stop-shop għall-istituzzjonijiet u jaċċellera b'mod sinifikanti l-missjoni tagħna li istituzzjonalizzaw ekosistemi ta' assi diġitali u teknoloġija blockchain," Mike Novogratz, fundatur u kap eżekuttiv ta 'Galaxy Digital, qal dak iż-żmien.

Hija żvelat li kienet se tħallas $265 miljun fi flus għall-akkwist u toħroġ 33.8 miljun sehem biex tagħmel dan. Wara dan, l-azzjonisti ta 'BitGo se jkollhom 10% tan-negozju.

By the end of March, Galaxy reported a delay in the acquisition while the two parties reworked the agreement to give BitGo owners a roughly 12% stake in the merged company.

The announcement comes in the wake of Galaxy’s second-quarter results, which showed a net comprehensive loss of $554.7 million due to reductions in the value of digital assets. Nevertheless, according to the earnings call, the company continued to have a strong $1.5 billion liquidity position as of June 30, 2022.

In response, BitGo has threatened to sue Galaxy Digital for $100 million in damages. In a statement shared with The Block, BitGo said:

“Hija beħsiebha tieħu azzjoni legali kontra Galaxy Digital għad-deċiżjoni mhux xierqa tagħha li ttemm il-ftehim ta’ għaqda ma’ BitGo, li ma kienx skedat li jiskadi sal-31 ta’ Diċembru 2022, l-aktar kmieni u li ma jħallasx il-ħlas ta’ $100 miljun reverse break li kien wiegħed lura f’Marzu 2022 sabiex tħeġġeġ lil BitGo testendi l-ftehim ta’ għaqda.”

BitGo żammet id-ditta legali Quinn Emanuel, skont id-dikjarazzjoni għall-istampa tagħha. "L-attentat minn Mike Novogratz u Galaxy Digital biex iwaħħlu t-terminazzjoni fuq BitGo huwa assurd," qal is-sieħeb R. Brian Timmons fi stqarrija.

Sors oriġinali: Bitcoinhuwa