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Crypto startup leaves state as debate over proposed tax heats up
Los Angeles Times
|January 21, 2026
California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires.
The company that had been based in Palo Alto is now based in Sioux Falls, S.D., according to a December filing to the U.S. Securities and Exchange Commission.
BitGo, which is targeting a valuation of $1.96 billion, offers tools to businesses that help them manage their digital assets and keep them secure.
It occupies 5,250 square feet of office space in Sioux Falls as part of a lease set to expire in 2028, the filing said.
As of September, the digital asset infrastructure company said it had office space in San Francisco, Palo Alto, New York, Canada, India, Germany, Singapore, South Korea and Dubai. It had 566 full-time employees.
Diese Geschichte stammt aus der January 21, 2026-Ausgabe von Los Angeles Times.
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