Galaxy Digital Acquires BitGo for $1.2B
BitGo, founded in 2013, was one of the first companies to offer institutional-grade wallets and infrastructure products long before the recent bitcoin rally made corporations eye the asset for their balance sheet.
This is also no "sudden" purchase; look at this news item from 2018.
“Our mission is to institutionalize the space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.” Michael Novogratz
This goes hand in hand with something I advised a few years back: don't just invest in coins but also, if you can, in crypto-related company shares.
The other advice now, is to always have your private wallets ready to stash away your investment grade coins - your hodl-wallets!