The company revealed in a blog post that, as of February 29, 2024, GAM was managing a staggering $10.1 billion in assets, marking a substantial 24.8% increase compared to the previous month.
Galaxy Digital is a full service, digital assets merchant bank.
Galaxy Digital (TSX: GLXY) is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors. Galaxy Digital’s team has extensive experience spanning investing, portfolio management, capital markets, venture capital, asset management, and blockchain technology. Galaxy Digital operates in the following businesses: Trading, Asset Management, Principal Investments, Investment Banking, and Mining. Galaxy Digital’s CEO and Founder is Mike Novogratz. The Company is headquartered in New York City, with offices in Chicago, San Francisco, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands (registered office), and New Jersey.
The company revealed in a blog post that, as of February 29, 2024, GAM was managing a staggering $10.1 billion in assets, marking a substantial 24.8% increase compared to the previous month.
The billionaire CEO described the current market level as “frothy”, noting that BTC is experiencing a price discovery phase with the arrival of the ETFs, bringing in “a new army” to test the market.
Commenting on Bitcoin’s recent movements, Mike Novogratz, CEO of Galaxy Digital, noted that BTC is in a price discovery phase, fueled by increased accessibility to US investors.