Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy.
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.
The Galaxy Digital CEO alleges Sam Bankman-Fried and his cohorts perpetuated fraud and suggested they should be in jail.7851
BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court.1639
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.4894
Galaxy Digital previously facilitated the launch of Goldman Sachs’ Bitcoin futures trading product for CME Group in June 2021.3405
The digital collectibles company was co-founded by entrepreneurs Michael Rubin, Mike Novogratz and Gary Vaynerchuk.7086
Galaxy Digital and Alerian announced the launch of eight passive crypto indexes that are rebalanced monthly and weighted equally.3466
Galaxy Digital founder and CEO Mike Novogratz was unfazed by the firm’s $175.8-million loss as he emphasized the importance of digital asset adoption.5327
Twelve months earlier, the company recorded a comprehensive loss of $26.9 million.12603
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.13948
Galaxy Digital’s billionaire CEO told CNBC he’s shocked at the speed of cryptocurrency adoption.12855
The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation.38521
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.8941
Forbes has named the six biggest winners of this latest cryptocurrency rally, including the Winklevoss brothers and Bloq’s Matthew Roszak.37607
Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead.38670