The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023.
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The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023.
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The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto.
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Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum.
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MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.
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Galaxy Digital invests $44 million to acquire institutional cryptocurrency custody platform GK8.
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Recent positive Bitcoin price action has been linked to a slowdown of U.S. inflation, Mike Novogratz thinks the price rally could sustain until the end of March.
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