Galaxy Digital ends agreement to acquire BitGo

Galaxy Digital Holdings (OTCPK:BRPHF) rose 3.4% in early Monday trading after the digital asset investment company terminated its agreement to acquire BitGo after BitGo failed to deliver by the end of July its audited financial statements for 2021 as required by the agreement.No termination fee is payable."Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner," said Galaxy Digital (OTCPK:BRPHF) CEO and Founder Mike Novogratz. "We are committed to continuing our process to list in the U.S. and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions."As it had previously announced, the company plans to complete its proposed reorganization, to become a Delaware-based company, and to list on the Nasdaq, upon completion of an SEC review.Previously (May 31), Galaxy Digital (OTCPK:BRPHF) changed terms for the BitGo deal to 44.8M shares and $265M in cash from 33.8M of newly issued shares and $265M in cash originally.