Novogratz-Backed Cryptology Asset Group Invests $49M More in

Publicly traded Cryptology was already one of's largest backers. It now has a holding of about 4.9%.

AccessTimeIconJun 24, 2021 at 12:04 p.m. UTC
Updated Sep 14, 2021 at 1:16 p.m. UTC

Cryptology Asset Group, a European investment company backed by Galaxy Digital founder Mike Novogratz, made an additional $49 million investment in

  • Publicly traded Cryptology was already one of's largest institutional backers, and now owns about 4.9% of the firm, an announcement Thursday said.
  • Currently listed in Germany, Cryptology is exploring an international listing to increase liquidity and open up to new shareholder groups, the announcement added. It plans to split its stock, currently trading about €145 (US$170) a share, by issuing 20 new shares for each existing one, it said in a statement.
  • Last month, launched Bullish, a venture focused on unveiling a new crypto exchange later this year capitalized with over $10 billion in cash and digital assets, including 164,000 BTC.
  • Bullish is already in talks to go public by merging with fintech-focused SPAC Far Peak Acquisition, after Bullish was announced a little over a month ago.
  • Cryptology announced earlier this month it was looking to pour $100 million into crypto venture funds over the next two years. Billionaire founder Christian Angermayer said it would focus on taking equity stakes in blockchain and crypto-related business on a global scale.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.