TechFlow news, according to Bloomberg, BitGo, a cryptocurrency financial services firm, has raised $100 million at a valuation of $1.75 billion. Specific investors were not disclosed, but BitGo said its backers are from the U.S. and Asia, with some coming from outside the cryptocurrency industry.
The funding will be used for strategic acquisitions, with at least two deals currently underway. BitGo currently serves as custodian for FTX creditors and counts among its clients financial services company Swan Bitcoin, blockchain developer Mysten Labs, and apparel giant Nike.




