BitGo Buys NYDIG Trading Arm for $42.5M Plus Earnout

BitGo completed its acquisition of NYDIG’s institutional trading business and related assets on August 27, 2026, paying $42.5 million upfront in a mix of cash and stock. The transaction also carries up to $15 million in contingent cash payments linked to revenue milestones, making the ultimate consideration dependent on the acquired operation’s performance.

The upfront package comprises $7 million in cash and approximately $35.5 million in BitGo stock, according to a company filing with the U.S. Securities and Exchange Commission. BitGo said the deal had been completed in its August 27 announcement.

$42.5M upfront consideration and the revenue-linked earnout

The $42.5 million figure reflects the stated upfront consideration, rather than the full amount that could be paid if performance conditions are met. In addition to the cash-and-stock package, the acquisition agreement provides for up to $15 million in contingent cash consideration tied to two specified revenue milestones.

Potential additional BitGo shares are also part of the contingent consideration, the SEC filing shows. The filing does not, in the disclosed terms, assign a fixed value to those potential additional shares or specify the revenue thresholds in the information provided.

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