Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3

Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin Fund” and it will be open to the general public. Galaxy Digital, which primarily focuses on corporate investors, has since received approval from securities regulators for its preliminary prospectus for an initial public offering (IPO), it added.....

Galaxy Digital lost a whopping $175.8 million in quarter 2, but Mike Novogratz talks about the benefits of adopting digital assets. Mike Novogratz’s firm showed that it made lesser in the second quarter of 2021 than it got in the first quarter. The firm posted the report, and it showed the shocking losses. In the […]

After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States. After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition.Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday.According to the statement, Galaxy exercised its right to terminate the deal in line with the acquisition agreement after BitGo....

Galaxy Digital saw massive growth in its Bitcoin fund trading volumes in Q3 2020. Galaxy Digital, a cryptocurrency merchant bank founded by Mike Novogratz, is expanding its crypto offerings in Canada.According to a Nov. 16 announcement, Galaxy Digital has partnered with major Canadian investment company CI Global Asset Management to launch a public Bitcoin (BTC) fund in the country.The CI Galaxy Bitcoin Fund is a “closed-end investment fund” that aims to provide unitholders with exposure to Bitcoin. The fund will invest directly in Bitcoin using the fund’s holdings of the token based on....

After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022. Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment management firm, is not going public in the United States in late 2021 as the firm previously planned.Galaxy Digital has postponed plans for a U.S. listing, now expecting to go public in the first quarter of 2022, the company’s founder and CEO, Novogratz, announced Monday.“We look forward to our U.S. listing and the close of our BitGo acquisition, which we now expect will occur in the first quarter of....