Been looking into BitGo's institutional holders & one in particular stood out to me Valor Equity Partners (Valor Management LLC) 🔹Valor Holds as of last filings 12,538,608 BTGO shares 🔹Valor's Gracias backed SpaceX since 2008 and holds a significant stake 🔹Valor's investing philosophy is centered around: ✅Infrastructure with a preference for foundational systems: Every major Valor investment is infrastructure for a domain that didn't previously exist at institutional scale: electric vehicles (Tesla), private space (SpaceX), digital assets infrastructure (BitGo is building the institutional trust layer for a completely new asset class) ✅Mission-driven founders: Technically obsessive founders, product-first operators, long-term thinkers (Musk, Belshe..) ✅Operational scaling ✅Asymmetric long-duration growth/ Secular trends: Valor seems to favor Infrastructure plays like SpaceX & BitGo. The infrastructure layer compounds faster and durably, operational excellence is key (BTGO since 2013), weak competitors get crushed, scale advantages compound.. More in this map but it's pretty easy to see the similarities between SpaceX & BitGo and how Valor backs the picks-and-shovels layer of industries being built or rebuilt from the ground up Also worth mentioning from their investment in SpaceX, Valor has 💎 hands