Galaxy Digital, the cryptocurrency-focused financial services firm run by Michael Novogratz, said it has agreed to buy BitGo, the U.S.-regulated crypto custody specialist, for $1.2 billion in stock and cash. Under the terms of the deal, BitGo shareholders will get 33.8 million of newly issued shares of Galaxy Digital common stock and about $265 million in cash, giving it a transaction value of about $1.2 billion based on Galaxy Digital's closing share price on May 4. Last month, CoinDesk reported that the two companies were in advanced talks about a possible deal. "The acquisition of BitGo establishes Galaxy ... (full story)