Jul 271 mins read

Galaxy Digital Sells Portion of Holding for $71.2 Million

Crypto bank earns a 123% investment return

Galaxy Digital Sells Portion of Holding for $71.2 Million

Galaxy Digital

Crypto market advocate Mike Novogratz's "cryptocurrency bank" Galaxy Digital has sold a portion of its holding in, earning a profit of $71.2 million and realizing a 123% investment return.

Galaxy Digital announced on May 21 that it had accepted's share acquisition offer on April 18 and completed the transaction on May 20. Novogratz stated that the decision to accept the offer reflected the rebalancing of their investment portfolio.

Although Galaxy Digital is no longer a significant investor in, they will continue to collaborate on other business ventures, such as the Galaxy EOS VC Fund.'s repurchase offer is estimated to value the company at about $2.3 billion. The company still holds approximately $3 billion in assets as of the end of February, including various investments and 140,000 bitcoins.