BTGO news

Bitcoin custody provider BitGo has signed a definitive agreement to merge with Project Gotham Acquisition Corp, aiming for NYSE listing. The deal values the combined company at up to $1.35 billion.

BitGo announced a workforce reduction of nearly 15% as the company adjusts its strategy to prioritize core services like security and trading. The move is intended to ensure the firm's agility in a rapidly evolving financial ecosystem.

BitGo Holdings' Board of Directors approved a $50 million share repurchase program representing approximately 8% of Class A shares outstanding. The buyback reflects management confidence in the company's long-term value and disciplined capital allocation strategy.