Valor funds (BTGO) list common and preferred stakes in BitGo
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Valor Digital Investments, LLC and affiliated Valor funds have filed an initial ownership report for BitGo Holdings, Inc. Class A common stock and multiple preferred series are shown as beneficially owned. The filing lists direct holdings of Class A Common Stock and Series Seed, Series B, Series B-3, and Series C-2 Preferred Stock. Each share of these preferred series will automatically convert into 1 share of BitGo’s Class A Common Stock immediately upon the closing of BitGo’s initial public offering and has no expiration date. The filing notes that Antonio Gracias may be deemed to share beneficial ownership through his roles with the Valor entities but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Valor Digital Investments, LLC, Valor Equity Capital IV LLC, Valor Management L.P., Gracias Antonio J.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series Seed Preferred Stock | -- | -- | -- |
| holding | Series Seed Preferred Stock | -- | -- | -- |
| holding | Series Seed Preferred Stock | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series B-3 Preferred Stock | -- | -- | -- |
| holding | Series B-3 Preferred Stock | -- | -- | -- |
| holding | Series B-3 Preferred Stock | -- | -- | -- |
| holding | Series B-3 Preferred Stock | -- | -- | -- |
| holding | Series C-2 Preferred Stock | -- | -- | -- |
| holding | Series C-2 Preferred Stock | -- | -- | -- |
| holding | Series C-2 Preferred Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Series Seed Preferred Stock — 229,502 shares (Direct);
Series B Preferred Stock — 9,201,725 shares (Direct);
Series B-3 Preferred Stock — 330,277 shares (Direct);
Series C-2 Preferred Stock — 318,006 shares (Direct);
Class A Common Stock — 282,771 shares (Direct)
Footnotes (1)
- Shares held of record by Valor Digital Investments, LLC - Series 2 Shares held of record by Valor Equity Partners VI L.P. Shares held of record by Valor Equity Partners VI-A L.P. Shares held of record by Valor Equity Partners VI-B L.P. Shares held of record by Valor Digital Investments, LLC - Series 1 Each share of Series Seed Preferred Stock, Series B Preferred Stock, Series B-3 Preferred Stock and Series C-2 Preferred Stock will automatically convert into 1 share of the Issuer's Class A Common Stock immediately upon the closing of the Issuer's initial public offering and has no expiration date.
FAQ
What does the BTGO Form 3 filing by the Valor funds disclose?
It discloses the initial beneficial ownership of BitGo Holdings, Inc. securities by Valor Digital Investments, LLC and related Valor funds, including Class A common and several preferred stock series.
Which BitGo (BTGO) securities are listed as held by the Valor funds?
The filing lists holdings of BitGo Class A Common Stock and Series Seed Preferred Stock, Series B Preferred Stock, Series B-3 Preferred Stock, and Series C-2 Preferred Stock.
What is Antonio Gracias’s role in the BTGO ownership reported here?
The filing states that, due to his positions with various Valor entities, Antonio Gracias may be deemed to share beneficial ownership of BitGo shares held by the Valor Funds, but he disclaims beneficial ownership except to the extent of his pecuniary interest.