SEC filings or Galaxy Digital's official announcements

Michael Novogratz-led Galaxy Digital Acquires $1 Billion in Ethereum Assets, Boosts Staking Portfolio by 43%

Jul 19, 2024, 01:04 PM

Galaxy Digital, led by Michael Novogratz, has acquired substantially all of the assets of blockchain node operator CryptoManufaktur for approximately $1 billion. This acquisition aims to expand Galaxy's staking portfolio, increasing its Ethereum assets under stake by 43%, from $2.3 billion to $3.3 billion. The deal also includes the integration of CryptoManufaktur's three-person engineering team into Galaxy's infrastructure team. This strategic move, as an ETF launch looms, is expected to solidify Galaxy's position in the blockchain infrastructure market and enhance its presence in the Ethereum ecosystem.