Mike Novogratz raises $250M for new cryptocurrency venture

posted 8 months ago
Billionaire and former Wall Street fund trader Mike Novogratz has reportedly raised $250 million for his come-back – a cryptocurrency investment venture dubbed Galaxy Digital.

According to Bloomberg, the private placement will enable Novogratz's new firm to trade and manage cryptocurrency assets and offer consultancy services to blockchain startups.

The news comes as a notable return of the high profile Wall Street trader, who left Fortress Investment Group in 2015 after the firm closed his $2 billion macro fund.
Tags: bitcoin, blockchain, news