Galaxy Digital Posts Net Loss of $272.7 Million for 2018

Crypto investment bank Galaxy Digital had a net loss of $272.7 million in 2018, the company announced in a news release on April 29.

According to The Block, CEO Michael Novogratz said the final quarter of the year for the crypto industry “felt a little bit like watching Game of Thrones last night” — alluding to the show’s reputation for bloody, violent storylines.

He reportedly told shareholders during a conference call:

“The results on the year weren’t great by any means… But it’s a little deceiving because for me what matters is the operating loss is and what our cash book does.”

Novogratz added that Galaxy Digital&rs