Twelve months earlier, the company recorded a comprehensive loss of $26.9 million.
Michael Novogratz News
Who is Michael Novogratz? The founder of finance company Galaxy Digital, Michael Edward Novogratz is a notable figure in the cryptocurrency space. Bullish on Bitcoin (BTC), Michael Novogratz has made numerous comments on the asset and its price over the years. Michael Novogratz’s net worth sits in the billions. Novogratz led Fortress Investment Group prior to his transition to Galaxy Digital. Novogratz has advocated for anywhere between a 1% to 5% allocation to Bitcoin.
Viewers can often find Michael Novogratz featured in interviews with CNBC, as well as other media outlets, in which he discusses various financial topics, including his latest thoughts on Bitcoin and other components of the cryptocurrency industry.
Under the acquisition’s terms, BitGo shareholders will get 33.8 million in newly issued shares of Galaxy Digital, in addition to $265 million in cash.13498
Galaxy Digital’s billionaire CEO told CNBC he’s shocked at the speed of cryptocurrency adoption.11617
The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation.38193
Mike Novogratz's Galaxy Digital is launching its own Bitcoin mining operations and creating a new business unit dedicated to providing financial services to miners.8647
Forbes has named the six biggest winners of this latest cryptocurrency rally, including the Winklevoss brothers and Bloq’s Matthew Roszak.35607
Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead.38441
Peter Schiff seems to disagree, however, having bashed Bitcoin a number of times in the past 24 hours.9766
Michael Novogratz, who predicted BTC to hit $20,000 by the end of 2020, advises investors to own more gold than Bitcoin.18777
In anticipation of AVA mainnet launch this summer, Emin Sirer’s AVA project raises $12 million from major industry investors.3741
Mike Novogratz suspects Bitcoin's recent upward price action is a result of the U.S. government's corrective economic measures.4458
As Telegram delays TON launch, Mike Novogratz said that the crypto community doesn’t need either TON or Grams at all.6344
Galaxy Digital’s net losses saw some improvement in Q4 2019, down from around $68 million in Q3 to about $33 million.3417
Mike Novogratz, CEO of crypto merchant bank Galaxy Digital, admitted that he might give up on Bitcoin if its price does not hit new highs in 2020.14318
Just as Bitcoin’s creation is bound up with 2008 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency.11710