BitGo, a crypto custody service based in Palo Alto, has raised $100 million in a Series C fundraising round, valuing the company at $1.75 billion. The money will be used for strategic acquisitions and global expansion after the company experienced a 60% increase in new clients, a 200% increase in fiat custody, and a significant rise in staked assets.

These advances come after Galaxy's $1.2 billion takeover transaction fell through due to BitGo's refusal to deliver audited financial data. BitGo is suing Galaxy for more than $100 million in damages due to the unmet agreement.

In another twist, BitGo's proposed acquisition of Prime Trust, a Nevada-based crypto custody business, fell through, prompting Prime Trust to file for Chapter 11 bankruptcy. During the upheaval, the company launched the Go Network, an instant settlement network.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5

Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

1. Item 1
2. Item 2
3. Item 3

Unordered list

• Item A
• Item B
• Item C

Text link

Bold text

Emphasis

^Superscript

_Subscript