Goldman Sachs invests in cryptocurrency startup BitGo

Jamie McKane

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Goldman Sachs invests in cryptocurrency startup BitGo

Goldman Sachs Group Inc. and a venture founded by one of its former partners, billionaire Mike Novogratz, are investing in cryptocurrency custodian BitGo Holdings Inc., as the bank’s deep-pocketed clients keep asking about secure ways to hold those assets.

Combined, Goldman Sachs and Novogratz’s Galaxy Digital Ventures contributed about $15 million to BitGo’s Series B fundraising, which brought in a total of $57.5 million, the startup said Thursday.

[Bloomberg]
 
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