Copy link
Increase text size
Decrease text size
Link copied

Mike Novogratz controls nearly 80 pct of crypto-focused Galaxy Digital

Photo by Adam Jeffery | CNBC

Thu, 03 Jan 2019, 06:41 am UTC

Former Goldman Sachs partner and bitcoin enthusiast Mike Novogratz has increased his stake in Galaxy Digital Holdings Ltd. to nearly 80 percent, Bloomberg reported.

Novogratz is the founder and CEO of Galaxy Digital, a New York-based merchant bank dedicated to the digital assets and blockchain technology industry.

In a statement this week, he said that he has acquired 7.5 million ordinary shares of the company for C$7.42 million ($5.5 million), representing around 2.7 percent of issued and outstanding ordinary shares.

According to the details, Novogratz previously beneficially owned 213.7 million Class B limited partnership units, which represented about 76.6% of ordinary shares assuming conversion. After the purchase, he owns and controls 221.2 million ordinary shares, representing around 79.3% of ordinary shares assuming conversion.

Galaxy Digital currently operates four distinct business lines, which include: Trading, Asset Management, Principal Investments and Advisory Services. The company started trading on the Toronto Stock Exchange on August 01, 2018.

In October, Galaxy Digital announced that its shares have been accepted for trading on the Frankfurt Stock Exchange.

In a press release dated December 11, the company reported preliminary assets under management of $422.8 million as of November 30, 2018, inclusive of committed capital in a closed-end vehicle.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,879.96 (+2.47%)
  • Ethereum (ETH) $271.30 (+3.84%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $396.10 (+6.36%)
  • Bitcoin SV (BSV) $292.13 (+4.65%)
  • Bitcoin (BTC) $9,879.96 (+2.47%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.