Mike Novogratz’s crypto investment firm Galaxy Digital Holdings has posted a second-quarter loss of $175.8 million. The figure provides a stark contrast to the firm’s first-quarter report that booked $860 million in comprehensive net profit earlier this year. Galaxy Digital posted its financial results as of June 30 on Monday, with the firm attributing the $175.8 million Q2 loss to asset price declines after FUD-inducing narratives fueled the crypto downturn in May.
Billionaire Mike Novogratz unfazed by Galaxy Digital’s $175.8M loss in Q2
2021-09-03 23:58:01 Primitive Reading
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