Galaxy Digital is one of the best-known brands in the market for digital currencies, led by bitcoin stalwart Mike Novogratz.
Galaxy Digital’s origin story dates back to the bitcoin boom of 2017. Originally, it was going to be a $500 million hedge fund, which reportedly had lured the attention of family offices and other hedge fund managers. It marked a striking comeback story for Novogratz, who left his previous employer Fortress Investments after it liquidated his $2.3 billion macro fund – effectively resulting in an exile from Wall Street.
Fast forward to 2019 and Galaxy Digital looks a lot different than it was described in the first reports from the bitcoin boom.
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