Mike Novograts has increased his stake in Galaxy Digital to almost 80%

Ex-partner of Goldman Sachs Mike Novograts has increased his stake in the cryptocurrency-oriented trading bank Galaxy Digital, reports Bloomberg .

Currently, CEO Galaxy Digital owns 221.2 million ordinary shares, representing 79.3% of the total. Prior to this, Novograz owned 213.7 million shares (76.6% share). Thus, Mike Novograts bought 7.5 million shares of his company (2.7% of their total outstanding) in the amount of 7.42 million Canadian dollars ($ 4.8 million).

Shares of Galaxy Digital Holdings Ltd, which are listed on the Canadian TSX Venture Exchange, responded to this news with an increase of 16%.

Data: TradingView

Apparently, Mike Novograts does not lose optimism. So, last month, he expressed confidence that the bearish trend of Bitcoin is coming to an end.

Also earlier, BlockchainJournal reported that Galaxy Digital managed to stay afloat despite the deep fall in Bitcoin prices.

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