Galaxy Digital / GK8 2021

Galaxy Digital acquired GK8 for $44M on November 29, 2021.

Target

GK8

Acquirer

Galaxy Digital

Deal value

$44M

Deal type

Mixed

Announced

November 29, 2021

Sub-sector

Crypto / Digital Assets

Galaxy acquires offline cold storage custody technology to build out its institutional digital asset custody stack, later partially returned during bankruptcy proceedings.

Deal value

$44M

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

November 29, 2021

Close date

April 26, 2022

Acquirer

Galaxy Digital (Strategic)

Target HQ

Israel

Deal type

Mixed

Sub-sector

Crypto / Digital Assets

Source: galaxy.com