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. Mike Novogratz Says ‘Galaxy Remains Positioned for Success,’ Company Still Plans to Be Listed on Nasdaq 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. Additionally, Galaxy noted that it still plans to list the company’s shares on Nasdaq following the completion of a Securities and Exchange Commission review. “As previously announced, Galaxy intends to complete the proposed reorganization and domestication to become a Delaware-based company, and subsequently list on the Nasdaq, upon completion of the SEC’s review and subject to stock exchange approval of such listing,” Galaxy said. Bitgo Reacts to Galaxy Digital’s Statements, Company’s Attorney Says Galaxy’s Attempt to ‘Blame the Termination on Bitgo Is Absurd’ After the announcement Galaxy Digital made on Monday, concerning the terminated acquisition of Bitgo, the Palo Alto, California-based crypto financial services
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