• Sun, 17 Feb 2019, 04:16 PM
  • All times are UTC
  • Edition:
    International
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. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,626.21 (-0.28%)
  • Ethereum (ETH) $126.16 (+2.12%)
  • XRP (XRP) $0.300600 (-0.58%)
  • Litecoin (LTC) $43.04 (-1.87%)
  • EOS (EOS) $2.80 (-1.30%)
  • Bitcoin (BTC) $3,626.21 (-0.28%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft