Galaxy Digital Back Pedal i luga o le $1.2 piliona tau mo le mauaina o BitGo, BitGo e suʻe le $100 Miliona I Faʻaleagaina

By Bitcoinist - 1 tausaga talu ai - Taimi Faitau: 3 minute
Aso, Aukuso 15, 2022 6:44 PM

Galaxy Digital Back Pedal i luga o le $1.2 piliona tau mo le mauaina o BitGo, BitGo e suʻe le $100 Miliona I Faʻaleagaina

Ua fa'ailoa mai e le Galaxy Digital o lo'o toe fa'afo'i mai le $1.2 piliona o lo'o fa'atonuina le mauaina mai o le fa'atau tupe, BitGo.

A $1.2 piliona le mauaina o Palo Alto, Kalefonia-faavae BitGo e le kamupani faakomepiuta aseta faakomepiuta Galaxy Digital ua faalēaogāina, faaiʻu ai se tasi o le mauaina tele i le talafaasolopito cryptocurrency.

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, Pule Sili ma na faavaeina le Galaxy Digital fai mai:

"O loʻo tumau pea le tulaga o le Galaxy mo le manuia ma ia faʻaogaina avanoa faʻapitoa e ola ai i se tulaga gafataulimaina. Matou te tuuto atu i le faʻaauauina o la matou faʻagasologa e lisi i le US ma tuʻuina atu ia matou tagata faʻatau se fofo sili e avea moni ai Galaxy ma faleoloa e tasi mo faʻalapotopotoga.

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.

O le sini o le fefaʻatauaʻiga o le faʻateleina lea o le maketi a Galaxy e avea o se faʻavae mo auaunaga tau tupe faʻatasi ai ma le taulaiga cryptocurrency. O le Galaxy Digital semanu e matua'i manuia tele mai le fuafuaina o le mauaina, lea semanu e fa'atulaga ai le pisinisi e avea o se fa'atonuga fa'atautaia fa'ai'uga fa'atasi ai ma auaunaga mata'ina fa'asao ma le puipuiga maualuga. I le fa'aopoopoina i le fa'aopoopoina o auaunaga tau puipuiga mo tagata fa'alapotopotoga, o le fa'atauina o le a ofoina atu ai fo'i teugatupe fa'afaigaluega, lafoga ma le tausisia o tulafono faatonutonu, ma isi mea.

"O le mauaina o BitGo faʻavaeina Galaxy Digital e avea o se tasi-stop-shop mo faʻalapotopotoga ma faʻateleina le faʻavavevaveina o la matou misiona e faʻavaeina faʻalapotopotoga faʻanatura aseta numera ma tekinolosi poloka poloka," o le tala lea a Mike Novogratz, o le faʻavae ma le pule sili o Galaxy Digital, i lena taimi.

Na faailoa mai o le a totogi le $265 miliona i tinoitupe mo le mauaina ma tuuina atu le 33.8 miliona sea e faia ai. A maeʻa lena, o le a umia e le au fai sea BitGo le 10% o le pisinisi.

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:

"O loʻo faʻamoemoe e faia se tagi faʻaletulafono faasaga ia Galaxy Digital ona o lana faʻaiʻuga le talafeagai e faʻamutaina le maliliega tuʻufaʻatasia ma BitGo, lea e leʻi faʻamoemoe e muta seia oʻo ia Tesema 31, 2022, i le vave ma e le totogiina le $ 100 miliona toe faʻafoʻiina totogi na folafola atu. i tua ia Mati 2022 ina ia faʻaosofia BitGo e faʻalautele le maliega tuʻufaʻatasia.

Ua taofia e BitGo le ofisa loia Quinn Emanuel, e tusa ai ma lana tala faasalalau. "O le taumafaiga a Mike Novogratz ma Galaxy Digital e tuʻuaʻia le faʻamutaina i luga o BitGo e faʻavalevalea," o le tala lea a le paaga R. Brian Timmons i se faʻamatalaga.

Punavai autu: Bitcoino