The head and founder of Galaxy Digital Holdings Ltd., billionaire Mike Novogratz (Mike Novogratz) increased its share in this cryptocurrency merchant Bank to 79.3% or 221,2 million ordinary shares. Before he owned 213,7 million shares, that is, of 76.6% stake in the company, while the new investment amounted to 7.5 million shares of class b or 2.7% of their number in circulation (7,42 million canadian dollars, or $4.8 million).
In response to this message, the company’s shares responded with a rise of 38% – the price came to $1,38.
Recall that in the first 9 months from the beginning of 2018, cryptocurrency trading Bank Novogratz lost $136 million in the third quarter, realized and unrealized losses totaled $41 million, According to Bloomberg, the main losses of the company associated with the investment in bitcoin, Ethereum and XRP. While Novogratz’s compare the current situation in the cryptocurrency market with a “methadone clinic” in which investors were previously assigned to the cryptocurrency “almost like religion” and the rise of bitcoin during the period of “speculative mania,” the end of 2017 apprehended as a kind of drug.
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