Mike Novogratz News

Galaxy Digital CEO Mike Novogratz believes Binance has satisfied regulators and users after its $4.3 billion settlement with United States authorities.

Galaxy Digital founder and CEO Mike Novogratz says approving a Bitcoin spot ETF is not “a matter of if but when,” which will drive institutional investment in the sector.

Galaxy Digital is set to manage the sale of bankrupt FTX’s crypto holdings and facilitate the staking of certain tokens to generate passive yield.

“We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders.

During a recent interview with Bloomberg Wealth, Novogratz touched on topics ranging from investing to Ripple’s case and BlackRock CEO Larry Fink.

The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin.

Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022.

The Galaxy Digital CEO says there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.

Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto versus AI regulation.

The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023.

Galaxy Digital invests $44 million to acquire institutional cryptocurrency custody platform GK8.

Recent positive Bitcoin price action has been linked to a slowdown in U.S. inflation, and Mike Novogratz thinks the price rally could sustain until the end of March.

Anthony Scarammuci also noted that there was “clearly fraud” in the SBF and FTX debacle, while Mike Novogratz said there’s a side of him that would like to “punch” SBF in the face.

Argo Blockchain mined less Bitcoin than expected in December due to the firm curtailing mining operations at Helios amid extreme weather conditions.

Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, according to Galaxy Digital Holdings CEO Mike Novogratz.