Novogratz’ Galaxy Digital Continues Losing Streak in 2019, Posts $33M Q4 Loss
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https://cointelegraph.com/news/novogratz-galaxy-digital-continues-losing-streak-in-2019-posts-33m-q4-loss
Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019.According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital assets” and operating expenses as causes for the loss.Galaxy Digital has posted repetitive losses since its founding in 2018Galaxy Digital was officially founded in early 2018 with the mission to institutionalize the crypto industry. Since then,