Galaxy Digital has leftover capital after its two infrastructure acquisitions late last year, but plans on getting it right with those first investments, co-president Chris Ferraro said. In Dece...
Tag: Galaxy
Galaxy tips Bitcoin NFT market to hit $4.5B by 2025
In a “base case” scenario, Galaxy Digital’s research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025. Bitcoin NFTs, or Ordinals, ha...
Bitcoin NFT Market to Hit $4.5 Billion by 2025: Galaxy
The emergent Bitcoin NFT ecosystem—practically non-existent just months ago—could balloon to $4.5 billion in market size by 2025, according to a report released Friday by Galaxy Research. Analysts an...
Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
In order to access its exclusive asset storage and management capabilities, Galaxy Digital has put $44 million into an institutional bitcoin custody platform. The purchase of GK8, a company that has c...
Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8
The purchase will help build out GalaxyOne, the previously launched platform that will offer a wide range of financial services for institutions, including trading, lending, derivatives, cross-portfol...
Galaxy acquires institutional crypto custody firm for $44M
Galaxy Digital has invested $44 million into an institutional cryptocurrency custody platform to tap into its proprietary asset storage and management capabilities. Mike Novogratz’s cryptocurrency inv...
Galaxy Digital’s Novogratz On Why Bitcoin Could Hit $30k Before the End of March Amid Rising FOMO ⋆ ZyCrypto
Advertisement     The top crypto is changing hands for $23,816 after a gain of 7% in the past day. A slowdown in the rate hikes by the Federal Reserve is driving a pos...
Keep Your Eye on the Blur v. OpenSea Fight: Galaxy
The day after its third and final highly-anticipated airdrop, Blur dropped more news: Creators cannot currently earn royalties on both Blur and OpenSea. The solution according to Blurs’ founders? Bloc...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
Galaxy Digital’s Mike Novogratz Says Institutions Waiting for Key Indicator To Flash Before Eyeing Crypto
Galaxy Digital boss Mike Novogratz says that the biggest players are waiting for a certain sign from the crypto markets before looking at allocating capital to the nascent asset class. In a new interv...
Binance, Galaxy Digital among secret bidders for Celsius assets
At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong. Fo...
2023 Won’t Be Easy for Bitcoin Miners: Galaxy Digital
A report by Galaxy Digital reflects on 2022 and the path ahead for Bitcoin miners. Investors are looking to deploy up to $1.1B into hosting and mining businesses in 2023. The Lightning Network may see...
More turbulent times ahead for bitcoin miners, Galaxy Digital says
Fixed-rate contracts from hosting providers could be a thing of the past as the bitcoin mining hosting landscape transforms in 2023, Galaxy Digital said in a recent report. Hosting providers pro...
Argo Blockchain Sells Mining Facility to Galaxy Digital to Stay Afloat
Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that will allow it to avoid bankruptcy and become another company tha...
Financial Giant Linked With Galaxy Digital Plans To Buy FTX Japan
Japanese financial services company Monex Group plans to buy FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s beleaguered crypto exchange FTX. The move comes after the bankruptcy court approv...
Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF
SkyBridge Capital CEO Anthony Scaramucci said that his firm can buy back the stake of the company it sold to FTX back in September last year. Meanwhile, Galaxy Digital CEO Mike Novogratz has indicated...
Galaxy Digital CEO Mike Novogratz Says 2023 Will Be Year ‘To Survive’ for Crypto Industry – Here’s Why
Billionaire Mike Novogratz says that challenges lay ahead in the digital asset space after a big “washout” in 2022, but that crypto is not going away. In a new interview with CNBC, the CEO of Galaxy D...
Galaxy Digital anticipates more VC funding for web3 businesses in 2023
According to Alex Thorn, who is the head of research at crypto investment firm Galaxy Digital, web3 blockchain firms and trading-based services dominated venture-capital transactions and funding in 20...
Crypto venture investments to worsen in 2023? Galaxy Research says…
As per a Galaxy Research report, the downward market conditions prevalent in the cryptocurrency industry will likely continue into 2023. The number of deals and amount invested by venture firms into W...
Fanatics to sell Candy Digital stake to Galaxy amid slumping NFT market: CNBC
Fanatics is selling its majority stake in NFT shop Candy Digital, according to CNBC. The sports merchandising company owned by Michael Rubin is seeking to divest its 60% stake in Candy Digital, ...
Galaxy Digital Buys Agro Blockchain’s Mining Facility For $65M
45 mins ago | 2 mins read Bitcoin News To the tune of $65 million, the Helios facility was sold by Argo Blockchain on Dec 28. Galaxy will also grant a fresh $35 million equipment financing loan. After...
Mike Novogratz calls Helios a ‘transformative acquisition’ for Galaxy
Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the Bitcoin mining sector. The crypto i...
Galaxy Digital pops day after Argo mining acquisition announcement
Galaxy Digital shares rose more than 13% a day after saying it would buy Argo Blockchain’s Helios mining facility. The company will pay $65 million for the facility and will also provide a...
Billionaire Mike Novogratz’s Galaxy Digital To Acquire Struggling Argo Blockchain’s Main Facility
Crypto investment firm Galaxy Digital is acquiring the main facility of Bitcoin (BTC) miner Argo Blockchain for $65 million. According to Argo, billionaire Mike Novogratz’s crypto investment firm is b...
Argo Blockchain Closed its Previous Transactions with Galaxy Digital
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Helios is a ‘Transformative Acquisition’ for Galaxy Digital, Says Novogratz
Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently won the auction to acquire another cryptocurrency entity...
Coinbase, Galaxy Digital shares rise sharply as stocks surge
Shares of Coinbase (NASDAQ: COIN) rose more than 8% on Thursday as the broader stock market recorded a slight upside amid ongoing investor jitters. COIN, one of many crypto-related stocks to nosedive ...
Argo Blockchain sells Texas mine to Galaxy Digital to avoid bankruptcy
Argo Blockchain, a top-tier mining company for cryptocurrencies, recently declared that it had reached an agreement with Galaxy Digital Holdings on a legally binding agreement that would benefit both ...
Galaxy Digital Bails Out Bitcoin Miner Argo Amid Bankruptcy Rumors
Bitcoin miner Argo Blockchain announced on Wednesday that it reached a deal with Galaxy Digital in an effort to avoid the threat of bankruptcy. Upon the agreement, Galaxy Digital will acquire Argo’s t...
Bitcoin Miner Argo Blockchain Sells Texas Facility to Galaxy Digital for $65M
Bitcoin mining company Argo Blockchain announced it has entered into definitive agreements with Galaxy Digital Holdings that will see the miner sell its Helios facility in Dickens County, Texas. The d...