Galaxy Digital has allegedly increased its Bitcoin portfolio by acquiring 400 BTC, valued at approximately $23.4 million.
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.
Galaxy Digital has allegedly increased its Bitcoin portfolio by acquiring 400 BTC, valued at approximately $23.4 million.
Democratic House Representative Ro Khanna said the crypto industry is a key contributor to America’s financial prowess and also acknowledged the frustration among the industry players.
Argo plans to use net profits generated from the deal for corporate affairs. The company said that part of the profits will be dedicated to catering to the company’s needs, operations, and other corporate purposes.