Galaxy Digital

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Galaxy Digital terminates $1.2 billion BitGo merger

15 Aug 2022 1 minute read 8 comments ZeroRequiem

The largest deal in Cryptocurrency history is no more. Galaxy Digital issued a press release today stating that the $1.2 billion acquisition of BitGo has been terminated. Galaxy Digital is blaming the termination on BitGo's failure to deliver audited...

Galaxy Digital: BTC Uses Less Electricity than Gold and Banking

17 May 2021 1 minute read 0 comments Tokenhell.com

Galaxy Digital has revealed a statement about bitcoin electricity consumption, reporting how the asset uses less energy than traditional financial sectors. The analysts used various calculations to measure the energy needed to power the BTC network c...

Mike Novogratz: Make Bitcoin 5% of Your Portfolio

9 Dec 2020 1 minute read 31 comments Abhimanyu Krishnan

Galaxy Digital CEO Mike Novogratz, interviewed on CNN on Dec. 8, has upped his recommendation for Bitcoin allocation for the average investor, saying that investors should put 5% of their net worth in the asset. Novogratz advised a 5% allocation, up...

More Bitcoin Stocks, I Added Galaxy Digital Today

18 Nov 2020 1 minute read 0 comments Raymo

I could not resist adding another bitcoin-related stock from the bitcointreasuries.org list.  Having already bought five on that list and feeling more comfortable buying bitcoin-related stocks than the underlying cryptocurrency, I bought some shares...

Mike Novogratz Bought 500,000 ETH From the Ethereum Foundation at $0.99 Levels

18 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Galaxy Digital founder and CEO Mike Novogratz bought 500,000 ETH from the Ethereum Foundation at less than a dollar each, he revealed in an interview on Nov. 10. Novogratz was interviewed by Nugget’s News Alex Saunders, and spoke a range of topics i...

Galaxy Digital Reports Net Income of $44.3M in Q3 2020

16 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Digital asset management firm Galaxy Digital reported a net income of $44.3 million in its Q3 2020 financial results, which was published on Nov. 13. The firm reported a net income of $44.3 million, a far cry from the $68.2 million loss reported the...