Category: mike novogratz

Fund Manager Discusses Three Factors that Will Trigger Next Bitcoin Rally

The bitcoin price has slipped by almost 5.5 percent from its yearly high at $8,388 and could be in for a massive downside correction. But that has not deterred a prominent fund manager from projecting a bullish case for the world’s largest cryptocurrency.Brian Kelly, the founder of BKCM, LLC, a […]

Mike Novogratz Gives His Support for Social Media Cryptos

Galaxy Digital Founder and CEO Mike Novogratz recently shared his views on the rise of social media cryptocurrencies, particularly with news coming out about the launch of Facebook’s GlobalCoin in 2020. Novogratz, who has been a regular cryptocurrency pundit and established Bitcoin bull, voiced support for the creation of social […]

Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Photo: Michael Novogratz / Twitter Major Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin. During his interview, Novogratz reminded […]

Early Backers of Cryptocurrency Startup Block.one in Line for Mega Payday

PayPal’s Peter Thiel and other early Block.one backers are in line to receive returns of more than 6,500 percent for their initial investments, Bloomberg reports. The cryptocurrency startup is looking to buy back ten percent of its shares. Meanwhile, hedge fund billionaire, Mike Novogratz’s Galaxy Digital has already sold most […]

Mike Novogratz Partially Exits Position at EOS Mother Company Block.one, Nets 123% Return

Mike Novogratz’s digital asset management firm Galaxy Digital Holdings has sold a portion of its Block.one stake in the company, netting the firm $71.2 million, a 123% return on investment, according to a press release on May 21. Though Novogratz’s firm sold its majority stake, the digital assets firm is […]

Mike Novogratz’s Galaxy Galaxy Digital Liquidates Block.One Stake for $72.1 Million; Nets 123% ReturnLiquidates Stake Worth $72.1 Million in Block.One

According to a press release issued May 21, 2019, Mike Novogratz’s Galaxy Digital Holdings Ltd. Received $71.2 million after it sold its stake in Block.One, the firm behind the EOS blockchain network. Galaxy Digital Will No Longer Hold a Material Investment Position in Block.One Cryptocurrency merchant bank Galaxy Digital Ltd. […]

Galaxy Digital Receives $71 Million from Selling Shares in EOS Creator Block.one

Photo: Pictures of Money / Flickr Galaxy Digital, Michael Novogratz’ diversified merchant bank, has sold its shares in Block.one, the creator of the EOS blockchain, and received $71.2 million and a 123% return on the realized investment. According to the press release, on April 18, Galaxy Digital accepted a tender offer […]

Bitcoin’s [BTC] pump is due to ‘credentializing’ of crypto by the likes of Microsoft and Facebook, claims Mike Novogratz

Much of the cryptocurrency community was excited and confused in equal measure after Bitcoin [BTC] crossed the $8000 mark. The majority of the community could not put their head around a reason for this consistent pump, with many analysts and traders stating that there were no fundamental factors affecting the […]