Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans By CoinTelegraph

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Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

Published Jan 25, 2019 05:24 Updated Jan 25, 2019 06:06

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Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23.

Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March.

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