• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The Galaxy Digital crypto investment fund information a reduction of $ 554 million in the 2nd quarter of 2022

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Billionaire Mike Novogratz Galaxy Digital’s common cryptocurrency investment fund reported a reduction for the 2nd quarter of 2022 of additional than half a billion bucks.

The Galaxy Digital crypto investment fund records a loss of $ 554 million in the second quarter of 2022
The Galaxy Digital crypto investment fund information a reduction of $ 554 million in the 2nd quarter of 2022

However, Galaxy Digital claims that this variety belongs to the unrealized reduction on crypto assets. The business also claimed to keep a sturdy income place at about $ one.five billion. An unrealized reduction is the reduction of income due to an asset whose rate has fallen but has not but been offered.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

Compared to the similar time period final 12 months, Galaxy Digital only misplaced $ 182.9 million. Mike Novogratz shared that the $ 554.seven million reduction this quarter was partly due to Bitcoin’s steep drop. Even so, the billionaire is nevertheless loyal to his company’s newest achievements.

“I am proud of Galaxy Digital’s accomplishment in a tough market place and deteriorating macroeconomic atmosphere.

We keep prudent threat management, coupled with our dedication to credit score requirements, enabling the business to keep in excess of $ one.five billion in liquidity, like in excess of $ one billion in income. “

Billionaire Mike Novogratz is a massive fan of Bitcoin and the Terra blockchain. The assistance was so terrific that he received LUNA tattooed on his arm. Although Terra totally collapsed in May 2022, resulting in losses of billions of bucks for traders, Mike Novogratz unveiled that Galaxy Digital had a program to slowly get earnings from LUNA prior to the crash, so the reduction suffered by the fund is deemed insignificant.

In addition, he also “staked” $ one million to crack down on Peter Schiff’s criticism of Bitcoin. Specifically, Mike Novogratz is betting that Bitcoin’s rate will be trading over $ 35,000 at the time of this announcement in a single 12 months, that means that on January 23, 2023, Mike Novogratz is assured that BTC will be no significantly less than $ 35,000. . If he will get it incorrect, he’ll donate $ one million to charity.

@ Peter Schiff I’m betting $ one million in charity for a single of our picks $ BTC it is in excess of 35k per 12 months by now. You on? https://t.co/ilQ5KJrHGP

– Mike Novogratz (@novogratz) January 22, 2022

For linked developments, Tesla also officially “cut losses” by promoting $ 936 million well worth of Bitcoin in the 2nd quarter of 2022, even though MicroStrategy posted a massive reduction of up to $ 918 million and Michael Saylor will depart his place. potential.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: CryptoDigitalfundGalaxyInvestmentLossmillionquarterrecords
Share76Tweet47

Related Posts

31,000 BTC Options Expire Amid $105,000 Max Pain Point

by shark
June 7, 2025
0

Analysis of the recent Bitcoin options expiry and its impact on market volatility and sentiment.

Nearly $1 Billion in Crypto Liquidations Amid Market Turmoil

by shark
June 7, 2025
0

Bitcoin and cryptocurrencies face $1 billion in liquidations after high-profile feuds trigger market volatility.

Singapore Imposes Licensing for Crypto Firms, Tightens Regulations

by shark
June 7, 2025
0

Singapore's Monetary Authority has mandated all blockchain firms to secure a Digital Token Service Provider license by June 30, 2025,...

Significant Outflows Hit Bitcoin Spot ETFs

by shark
June 7, 2025
0

Analysis of Bitcoin spot ETFs experiencing a $278 million net outflow on June 5, 2025, with impacts on institutional investments...

Institutions Reduce Bitcoin ETF Holdings by 23% Amid Profit-Taking

by shark
June 7, 2025
0

Institutional Bitcoin ETF exposure drops by 23% in Q1 2025 due to strategic profit-taking.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • 31,000 BTC Options Expire Amid $105,000 Max Pain Point
  • Unstaked $1M Giveaway as XLM Eyes $0.15 and ONDO Targets $7.73
  • Nearly $1 Billion in Crypto Liquidations Amid Market Turmoil
  • Singapore Imposes Licensing for Crypto Firms, Tightens Regulations
  • Significant Outflows Hit Bitcoin Spot ETFs
  • Institutions Reduce Bitcoin ETF Holdings by 23% Amid Profit-Taking
  • BlockDAG Surges Past $287.5M as AVAX Cools and XLM Eyes Growth
  • Bitcoin Holders Trigger Key Support Defense Amid Gains
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7