Former fund trader for Wall Street, billionaire and crypto enthuisiast Mike Novogratz raised $250M for hiis new enterprise - a cryptocurrency investment venture dubbed Galaxy Digital. This is reported by Coindesk.
New company will enable to trade and manage cryptocurrency assets and offer consultancy services to blockchain startups.
According to Economic Daily News from Taiwan, founder and CEO of Foxconn is one of investors with $18m investment.
According to report, investors are likely to buy the Galaxy Digital's shares. This will allow Novogratz's firm to be listed on a Canadian stock exchange without disclosing its financials.
Mike Novogratz left Fortress Investment Group LLC in 2015 after the macro fund he managed lost money.
Month after Novogratz formally unveiled the plan of launching Galaxy Digital on Jan. 9. Yet the venture announced at the time it will not offer any services to U.S. residents.