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BlockBeats News, January 12th, according to Reuters, cryptocurrency custody startup BitGo disclosed in a regulatory filing on Monday that it plans to raise up to $201 million through a US initial public offering. The California-based company and some existing shareholders will sell 11.8 million shares of stock priced between $15 and $17 per share. Founded in 2013, BitGo is one of the largest cryptocurrency custodians in the United States. As institutional interest in crypto assets grows, the company's role in storing and safeguarding digital assets has become increasingly important. Goldman Sachs and Citigroup are serving as the lead underwriters for this offering. BitGo plans to list on the New York Stock Exchange under the ticker symbol "BTGO".

BlockBeats News, January 12th, according to Coindesk, stablecoin financial infrastructure provider VelaFi has completed a $20 million Series B financing round, led by XVC and Ikuyo. Alibaba Investment, Planetree, BAI Capital, and other global investment institutions also participated in this round of financing, bringing the company's total funding to over $40 million. Founded in 2020, VelaFi initially built payment infrastructure in Latin America and has now expanded its business to the U.S. and Asian markets. The platform integrates local banking channels, cross-border payment networks, and mainstream stablecoin protocols, enabling enterprises to achieve cross-market fund transfers faster and at a lower cost than traditional systems. The company provides fiat-to-crypto onramps and offramps, payment solutions, cross-border payments, multi-currency accounts, foreign exchange tools, and asset management services, supporting access through the platform directly or via API interfaces.

BlockBeats News, January 12, according to market sources, Strategy purchased 13,627 bitcoins between January 5 and January 11, spending $1.25 billion.