 | |
| Headquarters | Palo Alto, CA |
|---|---|
| Founder(s) |
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| Key people | Mike Belshe (CEO) |
| Services |
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| URL | www |
| Launched | 2013 |
BitGo, Inc. is a digital asset trust company and security company,[1][2] headquartered in Palo Alto, California. It was founded in 2013 by Mike Belshe and Ben Davenport. Galaxy Digital announced its acquisition of BitGo in 2021 for $1.2 billion, although this acquisition was announced to have been canceled in 2022 after the crypto downturn, with BitGo continuing as an independent company.[3]
The company offers a multisignature bitcoin wallet service, where keys are divided among a number of owners to manage risk. Generally, BitGo wallets have three keys: one held by BitGo, and two held by the wallet's owner.[4][5] Wallets can be configured in both hot and cold configurations,[6] as well as non-custodial and custodial configurations.
BitGo also serves as the sole custodian for bitcoin that people deposit to receive a tokenized form of that bitcoin known as Wrapped Bitcoin or WBTC that can be exchanged on the Ethereum blockchain.[7]
- ^ KING 5 News (January 20, 2014). "Seattle entrepreneur mines Bitcoin phenomenon". KING-TV.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Robert McMillan (April 9, 2014). "A Hack That Makes Bitcoins a Whole Lot Harder to Steal". Wired.
- ^ Vigna, Paul (May 5, 2021). "Galaxy Digital to Buy BitGo in Crypto Sector's First $1 Billion Deal". Wall Street Journal. ISSN 0099-9660. Retrieved May 23, 2021.
- ^ Michael J. Casey (June 16, 2014). "Bitcoin Security Startup BitGo Gets More Funds; Ex-Verisign CEO Joins Team". The Wall Street Journal. Retrieved October 20, 2018.(subscription required)
- ^ Kim-Mai Cutler (June 16, 2014). "BitGo Raises $12M Led By Redpoint For Multi-Signature Bitcoin Wallets, Services". TechCrunch. AOL. Retrieved October 20, 2018.
- ^ "Crypto Startup Offers Insurance Against Quadriga Wallet Dilemma". June 11, 2019. Retrieved June 12, 2019.
- ^ Kharif, Olga (October 29, 2020). "Bitcoin Rally Gets Added Boost From 'Wrapped' Crypto Tokens". Bloomberg.com. Bloomberg. Retrieved November 7, 2020.