BitGo Holdings completed its acquisition of NYDIG's institutional trading business on August 27, though financial terms remained undisclosed publicly. According to reports from crypto.news, approximately 30 NYDIG employees joined BitGo alongside institutional client relationships included in the completed transaction. The acquired operation provides derivatives, structured products, financing, execution, and customized capital markets services globally, expanding BitGo's U.S. institutional platform beyond its existing custody, wallets, settlement, staking and trading infrastructure.
Following the sale, NYDIG will concentrate on power generation, Bitcoin mining and high-performance computing data centers. As reported by crypto.news, the company's website describes a development pipeline exceeding three gigawatts, with more than one gigawatt deliverable during 2027 and 2028 combined. This schedule remains subject to construction, financing, energy availability and customer demand. The latest transaction separates its institutional trading franchise from its growing power and computing portfolio, which expanded in 2025 by acquiring Crusoe's Bitcoin mining operation including more than 270 megawatts of power-generation technology.
The acquired business works with asset managers, hedge funds, corporations, family offices and other professional investors, offering derivatives, financing, structured products and customized trading strategies. According to crypto.news, CEO Mike Belshe stated the acquisition would help BitGo support the 'full lifecycle' of institutional digital assets, with the deal expected to scale the platform, improve efficiency and attract more clients. BitGo shares closed August 27 at $7.16, up approximately 1.9% during the session, though available market data does not establish that the acquisition caused the gain.
BitGo completed the acquisition after converting its trust operation into a federally chartered national trust bank, strengthening the regulatory foundation for custody and settlement. As reported by crypto.news, the charter does not automatically place every trading or derivatives service under one regulator, with different products potentially falling under banking, securities, commodities or state rules. The company completed a U.S. initial public offering in January, raising approximately $212.8 million after pricing shares at $18, with the IPO valuing the custody company at about $2 billion.
