Full Article: https://www.coindesk.com/novogratz-nets-250-million-for-new-crypto-investment-venture
Billionaire and former Wall Street fund trader Mike Novogratz has reportedly raised $250 million for his come-back – a cryptocurrency investment venture dubbed Galaxy Digital.
According to Bloomberg, the private placement will enable Novogratz's new firm to trade and manage cryptocurrency assets and offer consultancy services to blockchain startups.
In addition, a report from Taiwan's media outlet Economic Daily News revealed that Terry Gou, founder and CEO of Foxconn (HCM) is one of the participating investors with an $18 million placement in the round.
The reports also indicate that investors are in fact buying Galaxy Digital's shares through a shell pharmaceutical company which will allow Novogratz's firm to be listed on a Canadian stock exchange without disclosing its financials.
The news comes as a notable return of the high profile Wall Street trader, who left Fortress Investment Group in 2015 after the firm closed his $2 billion macro fund.
If you do not hold the private keys, you are not the true owner of your investments!
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Yeah I think so too... would be curious to see what he does with this to entice people to 'trust' storing their crypto with him...
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