Crypto Bank Galaxy Digital Loses $134 Million in Q1
Crypto investment bank Galaxy Digital lost $134 million in the first quarter of 2018, largely due to declining cryptocurrency prices.
Blockchain and crypto security firm CipherTrace has raised $15 million in funding from investors including Mike Novogratz's Galaxy Digital.
Michael Novogratz's crypto merchant bank Galaxy Digital is raising $250 million to build a credit fund, according to Business Insider.
Galaxy Digital, the crypto fund founded by Michael Novogratz, lost $272.7 million in its first full year of operation.
Michael Novogratz has increased his stake in Galaxy Digital Holdings, Ltd. to nearly 80 percent.
Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported losses for the first nine months of 2018.