Mike Novogratz’s Galaxy Digital Falters In Crypto Bear Market4.35

Per an exclusive report from the Financial Times, a Western world-centric media subsidiary of Nikkei Inc., Mike Novogratz, CEO of crypto-focused merchant bank Galaxy Digital, has directly suffered due to this nascent market’s most recent downturn.

In a testament to the firm’s tumultuous performance, the shares of Galaxy Digital (GLXY), which went public on the Toronto Stock Exchange (TSX) in August, have fallen drastically in recent months to $1.37 from an all-time high of $2.94. And recently, for the first time, Novogratz, a former Goldman Sachs partner turned cryptocurrency fanatic, expressed that 2018’s bear market has directly hampered his plans to grow Galaxy Digital into the “Goldman Sachs of crypto,” an evident nod to his former stint at the multinational investment firm.

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