The crypto firm Galaxy Digital announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo.
the LUNA subject in mid-May. The letter Novogratz wrote explained that “there is no good news in what happened in markets or to the Terra ecosystem,” but reminded investors of the core tenets of investing like taking profits along the way, and risk management. Novogratz stressed at the time that Galaxy Digital kept to the core tenets when it came to its investments in LUNA.
During the announcement on Monday, the Galaxy CEO noted that his company is positioned for success. “Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner,” Novogratz said on Monday in a statement. “We are committed to continuing our process to list in the U.S. and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions,” Novogratz added.
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