Galaxy Digital founder and CEO Mike Novogratz was unfazed by the firm’s $175.8 million loss as he emphasized the importance of digital asset adoption.
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.“During the quarter, our results were impacted by a 34% decline in overall digital asset prices and a 41% decline in the price of Bitcoin, relative to the end of the first quarter,” the report read. In a conference call regarding the Q2 results, CEO and founder Novogratz was unfazed by the loss as he cited

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Źródło: https://cointelegraph.com/news/billionaire-mike-novogratz-unfazed-by-galaxy-digital-s-175-8m-loss-in-q2