Ex-Goldman Sachs partner Mike Novogratz increased its share in specific cryptocurrency trading Galaxy Digital Bank, according to Bloomberg.

Currently CEO of Galaxy Digital owns 221.2 million common shares, representing 79.3% of the total. Prior to that, Novogratz had 213.7 million shares (76.6%). Thus, Mike Novogratz bought 7.5 million shares of the company (2.7% of the total number in circulation) in the amount of 7.42 million canadian dollars ($4.8 million).

Stock Galaxy Digital Holdings Ltd, which is listed on the canadian TSX Venture Exchange, reacted to the news with a growth of 16%.

Data: TradingView

Apparently, Mike Novogratz is optimistic. So, last month, he expressed confidence that the bearish trend of bitcoin coming to an end.

ForkLog also previously reported that the Galaxy Digital has managed to stay afloat despite a deep drop in prices of bitcoin.