Galaxy Digital, the crypto merchant bank dedicated to the digital assets, has announced a Partnership update with EOS blockchain maker, Block.one. The Michael Novogratz founded firm has received over $70 million by selling its stake in the blockchain company.
In an announcement on May 21 Galaxy Digital Holdings Ltd said that the company, referred to as the ‘Partnership’, accepted a tender offer in the ordinary shares of Block.one. On Monday the crypto investment bank received $71.2 million for the shares representing a majority of its position. It added that a 123 percent return on realized investment had been made.