BitGo Holdings acquire NYDIG Institutional Trading Business

● STRATEGIC | FINTECH · Capital Markets & Trading

AUGUST 27, 2026

BitGo Holdings, Inc. acquire NYDIG Institutional Trading Business

TARGET

Institutional bitcoin spot and derivatives trading, structuring, and financing platform serving asset managers, hedge funds, corporations, and family offices.

Ownership	PE-backed · NYDIG (Stone Ridge Holdings Group) (prior owner); Stone Ridge Holdings Group (parent/majority), WestCap, Morgan Stanley, New York Life, MassMutual +8 more
Capital raised	$1.36B
Headcount	~30 FTEs
Headquarters	New York, New York
Leadership	Tejas Shah, CEO
Sell-side advisor	—

ACQUIRER

BitGo Holdings, Inc.

Digital asset infrastructure company providing custody, wallets, staking, trading, financing, and settlement services from regulated cold storage

Ownership	Publicly traded (NYSE: BTGO) · Redpoint Ventures, Goldman Sachs, Valor Equity Partners, DRW Holdings, Digital Currency Group +5 more
Capital raised	$212.8M
Headcount	566 FTEs
Headquarters	Sioux Falls, South Dakota
Leadership	Michael Belshe, Chief Executive Officer
Buy-side advisor	—

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BitGo Holdings, Inc. -> NYDIG Institutional Trading Business  (2026-09-18)
strategic_acquisition | FinTech | announced
Target: Institutional bitcoin spot and derivatives trading, structuring, and financing platform serving asset managers, hedge funds, corporations, and family offices.
Website: nydig.com | Buyer site: bitgo.com
HQ: New York, New York | Ownership: pe-backed | Seller: NYDIG (Stone Ridge Holdings Group) | Buyer ownership: public (NYSE: BTGO)
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/bitgo-holdings-inc-nydig-institutional-trading-business.html

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