Mike Novogratz’s Galaxy Digital pushes US listing to 1st quarter of 2022

Mike Novogratz’s Galaxy Digital pushes US listing to 1st quarter of 2022

Galaxy Digital Holdings, the crypto investment management firm of billionaire Mike Novogratz, is delaying its US listing to the first quarter of 2022 instead of the fourth quarter this year as initially planned, the firm . The company didn't give a reason for the delay. Galaxy trades on the Toronto Stock Exchange, after making its debut in 2018 when it merged with a local crypto startup via a reverse takeover. The New York-based firm also said it is expecting to close the by then. BitGo is a digital asset infrastructure provider startup that it bought for $1.2 billion in cash and stock in May, the first billion-dollar deal in the crypto industry. The announcements came as Galaxy reported results for its third quarter that ended in September. Net comprehensive income surged to $517 million from $42 million in the same period last year as its coins appreciated. As of September 30, Galaxy held about $555.2 million of bitcoin and $261.4 million of ether. It also was managing $3.2 billion in assets as of October. "Our organic growth demonstrates our continued ability to capitalize on opportunities, said Novogratz, founder and CEO of Galaxy, in a statement. The billionaire is one of