Late Stage Mature Pre IPO Unicorns -

BitGo, Bitso join growing herd of billion-dollar crypto companies

From Pitchbook

Not long ago, it was rare to see blockchain or cryptocurrency startups valued at more than $1 billion. But that list is growing rapidly.

    • Since the start of the year, eight new blockchain or cryptocurrency companies have received unicorn valuations, bringing the total count to 21, according to PitchBook data. Two of those were added yesterday.
    • Bitcoin investment firm Galaxy Digital agreed to pay $1.2 billion in stock and cash for BitGo. The startup operates a crypto platform for institutional investors and service providers, and has more than $40 billion of assets under custody. BitGo was valued at $170 million in 2018, according to PitchBook data.