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Galaxy Digital Considers Buying More Assets From Distressed Or Bankrupt Companies

Published by
Benzinga

Galaxy Digital, a cryptocurrency group led by U.S. billionaire Mike Novogratz, is actively seeking to acquire more assets from bankrupt digital asset companies. This strategy follows their successful deal involving the sale of coins held by the failed crypto exchange FTX (CRYPTO: FTT), which significantly increased their funds under management. In August, Galaxy was appointed by FTX’s administrators to manage the sale, hedging, and staking of FTX’s Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH) holdings, as well as its investments in Grayscale’s Bitcoin Trust (OTC: GBTC). Also Read: Bitcoin To …

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