Galaxy Digital Buys $250 Million Bitcoin

mike novogratz

Mike Novogratz’s Galaxy Digital bitcoin funds have invested a combined $250 million according to filings with the Securities and Exchanges Commission. The Galaxy Bitcoin Fund LP, which has a minimum investment of $25,000, has bought circa $15 million from 106 investors. The Galaxy Institutional Bitcoin Fund, Ltd., which is aimed at institutional investors with a minimum investment of $100,000, has bought $121 million worth of bitcoin on behalf of 23 investors. The Galaxy Institutional Bitcoin Fund LP has bought $100 million worth of bitcoin from 55 investors with a minimum investment of $500,000. So making a combined circa $250 million with the first sale for all these funds being in November 2019. They’re share traded funds with these filings coming after Morgan Stanley announced plans last month to allow their wealthy investors, in total some $4 trillion such customers for this bank, to invest in bitcoin through the above mentioned…

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