Difference between revisions of "Galaxy Digital"
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== Investments == | == Investments == | ||
* Galaxy Digital [https://www.coindesk.com/galaxy-digital-q2-loss-report-core-operating-activities reported] a 2021 Q2 loss of $176M on due to a drop in Crypto Prices | * Got hit by the [[FTX (FTT)|FTX]] crash. [https://news.bitcoin.com/galaxy-digital-reveals-update-on-ties-to-ftx-partnership-has-exposure-of-approximately-76-8-million/ From] [[Bitcoin.com]] (10-11-2022): ''“As of the date of this filing, the partnership has an exposure of approximately $76.8 million of cash and digital assets to FTX, of which $47.5 million is currently in the withdrawal process.”'' | ||
*Galaxy Digital [https://www.coindesk.com/galaxy-digital-q2-loss-report-core-operating-activities reported] a 2021 Q2 loss of $176M on due to a drop in Crypto Prices | |||
* 1inch. [https://www.coindesk.com/dex-1inch-2-8m-from-binance-galaxy Participated] in a $2.8M raise for [[1inch]] (11-8-2020). | *1inch. [https://www.coindesk.com/dex-1inch-2-8m-from-binance-galaxy Participated] in a $2.8M raise for [[1inch]] (11-8-2020). | ||
*[[Anchor (ANC)|Anchor]]; [[Do Kwon]] mentioned them as part of a [https://twitter.com/d0h0k1/status/1371738421559914496 $20M raise], calling the participants the 'Anchor [[Whale|whales]]' (16-3-2021) | *[[Anchor (ANC)|Anchor]]; [[Do Kwon]] mentioned them as part of a [https://twitter.com/d0h0k1/status/1371738421559914496 $20M raise], calling the participants the '[[Anchor]] [[Whale|whales]]' (16-3-2021) | ||
*Avalanche. [https://medium.com/avalabs/avalanche-raises-12m-in-private-token-sale-led-by-initialized-galaxy-bitmain-ngc-and-dragonfly-96e5ae2cf6e Participated] (25-6-2020) in a $12M private sale of [[Avalanche (AVAX)|Avalanche]]. | *Avalanche. [https://medium.com/avalabs/avalanche-raises-12m-in-private-token-sale-led-by-initialized-galaxy-bitmain-ngc-and-dragonfly-96e5ae2cf6e Participated] (25-6-2020) in a $12M private sale of [[Avalanche (AVAX)|Avalanche]]. | ||
*[[Axelar Network (AXL)|Axelar]]; was part of one of their 3 financing rounds ([https://blog.coinlist.co/the-state-of-axelar-the-stripe-of-web3/ 1-9-2022]). | |||
*[[Babylon]]; part of their [https://x.com/babylon_chain/status/1796171723471258091 $70M pre-launch] round (30-5-2024). | |||
*[[Braintrust (BTRST)|Braintrust]]; according to this [https://twitter.com/liron/status/1561166817669722112 thread] (8-2021). | |||
*[[Bullish Global]]; [https://decrypt.co/70604/eos-block-one-invests-10-billion-exchange?utm_source=telegram&utm_medium=social&utm_campaign=smt participated] in a funding round (12-5-2021). | *[[Bullish Global]]; [https://decrypt.co/70604/eos-block-one-invests-10-billion-exchange?utm_source=telegram&utm_medium=social&utm_campaign=smt participated] in a funding round (12-5-2021). | ||
*DODO. [https://decrypt.co/44679/chinese-defi-project-dodo-raises-5-million-from-top-vcs Participated] in a $5M raise for [[DODO]] (15-10-2020). | *[[Celestia]]; participated in their [https://blog.celestia.org/celestia-raises-55m-to-launch-modular-blockchain-network/ $55M raise] (20-10-2022). | ||
*[[Dodo|DODO]]. [https://decrypt.co/44679/chinese-defi-project-dodo-raises-5-million-from-top-vcs Participated] in a $5M raise for [[DODO]] (15-10-2020). | |||
*[[Evmos (EVMOS)|Evmos]]; took part in their [https://twitter.com/TheBlock__/status/1587820581470326789 $27M token sale] (2-11-2022) | |||
*[[Figment Networks|Figment]]; took part in their [https://figment.io/resources/figment-announces-50-million-in-series-b-funding/ $50M Series B] (16-8-2021). | *[[Figment Networks|Figment]]; took part in their [https://figment.io/resources/figment-announces-50-million-in-series-b-funding/ $50M Series B] (16-8-2021). | ||
*[[Fireblocks]], Was part of a [https://decrypt.co/61864/fireblocks-a-hot-investment-with-133-million-series-c Series C] funding raise of $133M (18-3-2021). | *[[Fireblocks]], Was part of a [https://decrypt.co/61864/fireblocks-a-hot-investment-with-133-million-series-c Series C] funding raise of $133M (18-3-2021). | ||
*[[Immutable X (IMX)|Immutable]]; [https://decentralparkcapital.substack.com/p/in-the-weeds-14 8-6-2023] | |||
*[[Index Coop (INDEX)|Index Coop]]; closed a [https://www.coindesk.com/dao-behind-defi-pulse-index-raises-7-7m-from-galaxy-digital-1kx $7.7M funding round] for them (7-7-2021). | *[[Index Coop (INDEX)|Index Coop]]; closed a [https://www.coindesk.com/dao-behind-defi-pulse-index-raises-7-7m-from-galaxy-digital-1kx $7.7M funding round] for them (7-7-2021). | ||
*NuCypher. [https://coinlist.co/nucypher-worklock Backer] of [[NuCypher]] (9-10-2020). | *[[Hashflow (HFT)|Hashflow]]; was [https://messari.io/report/hashflow-certainty-in-execution part of] their Series A round (7-2022). | ||
*[[Nucypher|NuCypher]]. [https://coinlist.co/nucypher-worklock Backer] of [[NuCypher]] (9-10-2020). | |||
* OP Crypto Capital Management; ([[Huobi (HT)|Huobi's]] Metaverse fund), [https://www.theblockcrypto.com/linked/116732/houbi-ventures-chainsmokers-back-new-25-million-fund-investing-in-the-metaverse joined] in the launch of it's $25M fund (6-9-2021). | * OP Crypto Capital Management; ([[Huobi (HT)|Huobi's]] Metaverse fund), [https://www.theblockcrypto.com/linked/116732/houbi-ventures-chainsmokers-back-new-25-million-fund-investing-in-the-metaverse joined] in the launch of it's $25M fund (6-9-2021). | ||
*[[Opium Protocol]]. [https://www.theblockcrypto.com/linked/83294/defi-credit-default-swap-platform-opium-protocol-raises-nearly-3-25-million Part] of a $3.25M raise (2-11-2020). | *[[Opium Protocol]]. [https://www.theblockcrypto.com/linked/83294/defi-credit-default-swap-platform-opium-protocol-raises-nearly-3-25-million Part] of a $3.25M raise (2-11-2020). | ||
* ParaFi. Is a [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 backer] of [[ParaFi]] (20-8-2020). | * ParaFi. Is a [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 backer] of [[ParaFi]] (20-8-2020). | ||
*[[Polygon (MATIC)|Polygon]]: [https://yieldfarmer.substack.com/p/poly-pulse-8-polygon-raises-450-million?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0ODMyMjMzOCwiXyI6IllXeFVGIiwiaWF0IjoxNjQ1OTI4NjIzLCJleHAiOjE2NDU5MzIyMjMsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.6lR1zdREl6HSM1qHiu8CPZcYF4W8zuRp4vspcNxx_cA&utm_source=url&s=r participated] in a $450M private sale (7-2-2022). | |||
*[[Radicle (RAD)|Radicle]]; one of the backers [https://radicle.xyz/blog/introducing-rad.html named] as an early supporter (17-2-2021). | *[[Radicle (RAD)|Radicle]]; one of the backers [https://radicle.xyz/blog/introducing-rad.html named] as an early supporter (17-2-2021). | ||
*[[Ramp Network|Ramp]]; led its [https://blog.ramp.network/ramp-raises-10.1m-to-make-crypto-useful-and-accessible $10.1M] seed round (6-2021). | *[[Ramp Network|Ramp]]; led its [https://blog.ramp.network/ramp-raises-10.1m-to-make-crypto-useful-and-accessible $10.1M] [[seed]] round (6-2021). | ||
*Skale. Is on the [https://skale.network/ list of supporters] of [[Skale (SKALE)|Skale]] (31-7-2020). | *Skale. Is on the [https://skale.network/ list of supporters] of [[Skale (SKALE)|Skale]] (31-7-2020). | ||
* [[Terra (LUNA)|Terra]]; is [https://medium.com/terra-money/december-2020-community-update-1becab2ebd2b mentioned] as an investor in one of their blogs (5-1-2021). Was [https://medium.com/terra-money/introducing-the-150-million-terra-ecosystem-fund-6aee01629edc part of] the $150M ecosystem fund for Terra as well (16-7-2021). | * [[Terra (LUNA)|Terra]]; is [https://medium.com/terra-money/december-2020-community-update-1becab2ebd2b mentioned] as an investor in one of their blogs (5-1-2021). Was [https://medium.com/terra-money/introducing-the-150-million-terra-ecosystem-fund-6aee01629edc part of] the $150M ecosystem fund for Terra as well (16-7-2021). When UST depegged and the Terra ecosystem crashed down, founder Novogratz [https://s27.q4cdn.com/973063916/files/doc_news/2022/A-Letter-From-our-CEO-Mike-Novogratz_5.18.2022.pdf reflected] on it writing: ''"My tattoo will be a constant reminder that venture investing requires humility."'' | ||
== Galaxy Digital Ventures == | == Galaxy Digital Ventures == | ||
* Has invested in [[Bitgo]]. Update (5-5-2021): [https://decrypt.co/69934/galaxy-digital-set-to-buy-bitgo-for-1-2-billion?utm_source=telegram&utm_medium=social&utm_campaign=smt bought] BitGo for over $1B. | * Has invested in [[Bitgo]]. Update (5-5-2021): [https://decrypt.co/69934/galaxy-digital-set-to-buy-bitgo-for-1-2-billion?utm_source=telegram&utm_medium=social&utm_campaign=smt bought] [[BitGo]] for over $1B. | ||
* Michael Novogratz, bought $7.5M shares of his company for $4.8M; Novogratz now owns 79.3% of company shares. Galaxy saw a net loss of $76.65M in Q3 2018 which Novogratz described as the reality of building "a business in a bear market" | * [[Michael Novogratz]], bought $7.5M shares of his company for $4.8M; Novogratz now owns 79.3% of company shares. Galaxy saw a net loss of $76.65M in Q3 2018 which Novogratz described as the reality of building "a business in a [[bear market]]" | ||
== Galaxy Digital Partners == | == Galaxy Digital Partners == | ||
| Line 40: | Line 48: | ||
== Partners == | == Partners == | ||
* Is a sponsor of [[Coin Center]] (as of 6-2019) | * Is a sponsor of [[Coin Center]] (as of 6-2019) | ||
* Galaxy Digital and [[Bakkt]] [https://cryptobriefing.com/novogratz-bakkt-respond-institutional-interest-bitcoin/ will team up] (10-6-2020) to offer buying and custodial services. | * Galaxy Digital and [[Bakkt]] [https://cryptobriefing.com/novogratz-bakkt-respond-institutional-interest-bitcoin/ will team up] (10-6-2020) to offer buying and [[custodial]] services. | ||
[[Category:Companies/Organisations]] | [[Category:Companies/Organisations]] | ||
Latest revision as of 01:54, 3 June 2024
Basics
- Venture capital firm by Mike Novogratz
- Customer of Fireblocks
Investments
- Got hit by the FTX crash. From Bitcoin.com (10-11-2022): “As of the date of this filing, the partnership has an exposure of approximately $76.8 million of cash and digital assets to FTX, of which $47.5 million is currently in the withdrawal process.”
- Galaxy Digital reported a 2021 Q2 loss of $176M on due to a drop in Crypto Prices
- 1inch. Participated in a $2.8M raise for 1inch (11-8-2020).
- Anchor; Do Kwon mentioned them as part of a $20M raise, calling the participants the 'Anchor whales' (16-3-2021)
- Avalanche. Participated (25-6-2020) in a $12M private sale of Avalanche.
- Axelar; was part of one of their 3 financing rounds (1-9-2022).
- Babylon; part of their $70M pre-launch round (30-5-2024).
- Braintrust; according to this thread (8-2021).
- Bullish Global; participated in a funding round (12-5-2021).
- Celestia; participated in their $55M raise (20-10-2022).
- DODO. Participated in a $5M raise for DODO (15-10-2020).
- Evmos; took part in their $27M token sale (2-11-2022)
- Figment; took part in their $50M Series B (16-8-2021).
- Fireblocks, Was part of a Series C funding raise of $133M (18-3-2021).
- Immutable; 8-6-2023
- Index Coop; closed a $7.7M funding round for them (7-7-2021).
- Hashflow; was part of their Series A round (7-2022).
- NuCypher. Backer of NuCypher (9-10-2020).
- OP Crypto Capital Management; (Huobi's Metaverse fund), joined in the launch of it's $25M fund (6-9-2021).
- Opium Protocol. Part of a $3.25M raise (2-11-2020).
- ParaFi. Is a backer of ParaFi (20-8-2020).
- Polygon: participated in a $450M private sale (7-2-2022).
- Radicle; one of the backers named as an early supporter (17-2-2021).
- Ramp; led its $10.1M seed round (6-2021).
- Skale. Is on the list of supporters of Skale (31-7-2020).
- Terra; is mentioned as an investor in one of their blogs (5-1-2021). Was part of the $150M ecosystem fund for Terra as well (16-7-2021). When UST depegged and the Terra ecosystem crashed down, founder Novogratz reflected on it writing: "My tattoo will be a constant reminder that venture investing requires humility."
Galaxy Digital Ventures
- Michael Novogratz, bought $7.5M shares of his company for $4.8M; Novogratz now owns 79.3% of company shares. Galaxy saw a net loss of $76.65M in Q3 2018 which Novogratz described as the reality of building "a business in a bear market"
Galaxy Digital Partners
Current employees
- Chris Ferraro; partner at Galaxy Digital and board of directors at BlockFi
- Laid off (1-2020) 13 people, roughly 15 percent of its workforce.
Partners
- Is a sponsor of Coin Center (as of 6-2019)
- Galaxy Digital and Bakkt will team up (10-6-2020) to offer buying and custodial services.
