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Mike Novogratz now owns 221 million ordinary shares, representing about 80% of all shares.
Famed Crypto investor Mike Novogratz boosted his insider ownership today, buy purchasing more stock in Galaxy Digital Bank. The stock was up around 40 percent on the day.
We have covered Novogratz news before. He is best known for his time running a Hedge Fund at Fortress, and his bullish bets and price predictions for Bitcoin and Crypto. Just like Crypto his Galaxy Digital stock has been down in 2018.
The stock trades in Canada on the TSX under the symbol GLXY, and in the United States it trades on the Pink Sheets as BRPHF. It appears that Novogratz is bullish in general on where Galaxy is headed, or he maybe was trying to just boost the price of his stock.
After 2 years Galaxy will be eligible for listing in the United States, which we expect Novogratz will pursue.
If Crypto prices continue to rebound then Galaxy Digital could be a great non-token play in the Crypto sector. More coming soon on that topic…
Disclaimer – Any author may own Crypto or Stock shares mentioned on this website in any story.
Also published on Medium.