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“# Billionaire Mike Novogratz unfazed by Galaxy Digital’s $175.8M loss in Q2 ” Mike Novogratz’s crypto investment firm Galaxy Digital Holdings has posted a second-quarter loss of $175.8 million. The figure provides a stark contrast to the firm’s first-quarter report that booked $860 million in comprehensive net profit earlier this year. Galaxy Digital posted its…
“# Galaxy Digital books $860M in net comprehensive income in Q1 ” Galaxy Digital Holdings, a cryptocurrency-focused investment manager, booked a stellar first quarter on the back of surging digital asset valuations. The company’s net comprehensive income, which includes net income and unrealized income, surged to $860.2 million in the quarter ending March 31, 2021….
“# Galaxy Digital to acquire crypto custodian and services provider BitGo ” Galaxy Digital, a crypto and blockchain-focused financial services and investment manager founded by Mike Novogratz, is set to acquire institutional crypto custodian service and wallet operator BitGo. According to an announcement on May 5, Galaxy Digital Holdings will pay $1.2 billon in stock…
“# Bitcoin on ‘inevitable path’ to reach gold’s market cap – Mike Novogratz ” Galaxy Digital CEO Mike Novogratz believes Bitcoin (BTC) is on track to meet or exceed gold’s market capitalization amid a rapid wave of retail and institutional adoption of the digital asset. In an interview with CNBC’s Squawk Box, Novogratz said cryptocurrency…
“# Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply ” Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which…
“# Galaxy enters Bitcoin mining, launches financial services unit for miners ” Galaxy Digital — the financial services and cryptocurrency investment management firm founded by Mike Novogratz — has set its sights on establishing a footing in the Bitcoin (BTC) mining sector. After a year of increasingly diversifying its products and activities, the company has…
“# Winklevoss brothers top Forbes Bitcoin billionaires list ” Major business magazine Forbes has featured Gemini co-founders Cameron and Tyler Winklevoss as the richest Bitcoin (BTC) billionaires. Compiled by Forbes crypto-focused reporter Michael del Castillo, the ranking provides a list of Bitcoin investors that won the most from Bitcoin’s massive surge up to $42,000 in…
“# Here’s 5 key Bitcoin factors to watch as new investors buy BTC in 2021 ” The end of 2020 has been lighting up crypto-centric subreddits and feeds of Bitcoin hodlers as the appetite for the digital bullion reaches an all-time high. The explosion has been accelerated via the adoption of the network by PayPal,…
“# Bitcoin adoption is the main key right now, Novogratz says ” Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are…