BitGo reveals $ 250 million in Bitcoin funds and signaling More Upcoming crypto-native disclosures

BitGo reveals $ 250 million in Bitcoin funds and signaling More Upcoming crypto-native disclosures

Digital asset infrastructure company BitGo holds $ 250 million Bitcoin On his balance sheet, CEO Mike Belshe revealed to CoinDesk in a recent interview.

Disclosure comes at a time when more Crypto companies are opening up to their own bitcoin holdings. It is not unusual for crypto firms to own the same assets that they sell to their clients, but a recent wave of institutional investment has caused these same firms to share details about their own investments in crypto assets. .

BitGo has had bitcoins on its balance sheet since 2014, Belshe said. One of the first products that BitGo pursued that same year was a multi-sig, multi-user wallet designed in part for cash management,…

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