Galaxy Digital’ Cryptocurrency Merchant Bank"

[jomz312]

Galaxy Digital’s cryptocurrency merchant bank

The bank will open a cryptocurrency trading desk and initially seek to capitalize on opportunities for cross-exchange arbitrage.It will also invest in blockchain startups and initial coin offerings (ICOs), much as Novogratz intended to do through his now-shelved cryptocurrency hedge fund.

Citing a person familiar with the matter that Novogratz and Galaxy Digital raised this sum in the midst of one of the most severe market downturns in cryptocurrency history when the Bitcoin price crashed from a peak of $19,891 to below $6,000.

Novogratz, the former portfolio manager of Fortress, is also said to be moving the entirety of his cryptocurrency and blockchain investments into Galaxy Digital.

https://www.bloomberg.com/news/articles/2018-02-07/novogratz-is-said-to-raise-250-million-for-crypto-merchant-bank

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[anggriani]

It is not surprising that a former portfolio manager is a very smart person in managing and choosing investments. That's why he can take advantage of the opportunities that happened yesterday and generate an profit.

I am very excited and will be waiting for the digital galaxy that he will be made.

[dreamax25]

Michael Novogratz, a former hedge fund manager at Fortress and current CEO of Galaxy Digital, bought $5 million worth of Galaxy Digital shares and now owns almost 80% of the company!

 https://coincodex.com/article/2827/mike-novogratz-now-owns-almost-80-of-galaxy-digital-after-purchasing-5-million-worth-of-shares/

[Daltonik]

Mike Novogratz, in an interview with Bloomberg, called for calm regarding the collapse of the cryptocurrency market on September 7 and compared the benefits of the emergence of the crypto industry with the advent of the Internet.
According to him, the fall in the price of bitcoin is due to high tension in the industry, he expressed confidence that the cryptocurrency market is dominated by retail investors who react too sharply to the volatility of the exchange rate. https://www.bloomberg.com/news/articles/2021-09-07/mike-novogratz-says-bitcoin-btc-price-drop-is-air-being-popped-out-of-balloon?srnd=cryptocurrencies&sref=323RPL5z