Michael Novogratz


Finance

Galaxy Digital Wins Auction to Buy GK8 From Bankrupt Crypto Lender Celsius

The self-custody platform acquired by Celsius over a year ago was put on the block following the lender's bankruptcy filing in July.

(Sam Reynolds/CoinDesk)

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Galaxy Digital to Cut 20% of its Workforce; Core Scientific Reportedly in Talks With Lawyers

Michael Novogratz-led crypto-focused financial services firm Galaxy Digital plans to cut at least 20% of its global workforce. Convertible bond holders of BTC miner Core Scientific are in talks with restructuring attorneys at Paul Hastings. South Africa's leading supermarket chain Pick n Pay is now allowing BTC payments via Lightning Network-enabled apps. A poll from Grayscale reveals fears over inflation have translated to a growing interest in crypto for a quarter of voters surveyed.

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Galaxy Digital Scraps $1.2B Plan to Buy Crypto Custody Firm BitGo

Galaxy Digital, the cryptocurrency-focused financial services firm run by noted investor Michael Novogratz, is walking away from its plan to buy BitGo, saying the crypto custody specialist failed to provide financial statements by a deadline of July 31. "The Hash" panel discusses the latest story turning heads in the crypto community.

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Finance

Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

The $1.2 billion deal was announced May 2021 and was expected to close by the end of that year.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

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Novogratz's Galaxy Digital Reports Nearly $555M in Q2 Net Losses

Michael Novogratz's crypto-focused financial services firm Galaxy Digital reported a second-quarter net loss of $554.7 million, more than triple the loss from the same period last year. BTIG Managing Director and Head of Digital Assets Research Mark Palmer discusses the earnings report and its key takeaways.

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Finance

Galaxy’s Novogratz Stays Optimistic on Crypto Adoption Even as Markets Languish

The CEO said he doesn't see a V-shaped market recovery occurring.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Finance

Galaxy’s Novogratz and Bakkt’s Michael Differ on Bitcoin’s Case as Digital Gold

Each spoke separately Wednesday during the Barclays Crypto and Blockchain Summit.

Galaxy Digital CEO Mike Novogratz thinks bitcoin is “ready for prime time.” (Mina De La O/Getty images)

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Galaxy Digital Files for US Bitcoin Futures ETF

Just months after filing for a bitcoin exchange-traded fund (ETF), Michael Novogratz's cryptocurrency-focused financial services firm Galaxy Digital has filed with U.S. regulators for a bitcoin futures ETF. This comes as SEC Chairman Gary Gensler signaled he preferred ETFs based on bitcoin futures earlier this month at the Aspen Security Forum. CoinDesk's Nikhilesh De discusses the state of bitcoin ETFs in the U.S. as the SEC has yet to approve any of the dozens of applications for crypto ETFs in recent years.

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