Latest news with #MichaelNovogratz
Bloomberg
6 days ago
- Business
- Bloomberg
Galaxy's Nasdaq Debut Clears the Path for Canada-US Listings
Galaxy Digital Inc. 's US debut is a homecoming for the Toronto Stock Exchange-listed, New York-based company. For Canadian firms on the TSX, it could be the start of reversing a multi-year trend of domestic firms choosing to trade closer to where they're based. The crypto company led by billionaire Michael Novogratz raised $600 million in an upsized US share sale announced days after it began trading on the Nasdaq May 16. Following Galaxy's successful outing, bankers are seeing more interest from TSX-traded companies in adding US listings.
Yahoo
22-05-2025
- Business
- Yahoo
Novogratz Says SEC Under Biden Was 'Un-American'
Billionaire Michael Novogratz, CEO of Galaxy Digital Holdings Ltd. says the US Securities and Exchange Commission under President Joe Biden was "un-American" and unfair. He says it took more than 1,000 days to finally go public on the Nasdaq. Galaxy started trading there on Friday. He also talks about Bitcoin hitting a new record, the need for regulatory clarity and possibly turning Galaxy's shares into tokens. He speaks on "Bloomberg Open Interest."
Yahoo
21-05-2025
- Business
- Yahoo
Bitcoin Blasts Past $109K After Trump's Surprise Crypto Pivot
Bitcoin (BTC-USD)) just broke past $109,000its highest level everas the U.S. inches closer to passing a game-changing stablecoin bill. The trigger? A sudden shift in Washington. With Senate Democrats backing off earlier resistance, the industry-backed bill is now headed for floor debate, possibly this week. Investors read that as a green light. Michael Novogratz, CEO of Galaxy Digital, put it bluntly: The Trump administration has embraced our industry, telling Bloomberg this shift has unleashed crypto's animal spirits across the globe. Warning! GuruFocus has detected 5 Warning Sign with MS. The billnow rewritten with tighter anti-money laundering rules, curbs on tech giants, and equal footing for foreign issuersis being seen as a long-overdue roadmap for crypto legitimacy. That clarity could be exactly what institutions have been waiting for. Under Gary Gensler's SEC, the crypto space had felt boxed in. Now, with a friendlier tone out of Washington, the floodgates may be cracking open. And the money is already moving. Open interest in Bitcoin futures at CME Group has bounced 23% off April lows, while U.S.-based Bitcoin ETFs have pulled in $3.6 billion in fresh capital this month alone. If the bill passes, this could be the starting gunnot the finish line. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Bitcoin Blasts Past $109K After Trump's Surprise Crypto Pivot
Bitcoin (BTC-USD)) just broke past $109,000its highest level everas the U.S. inches closer to passing a game-changing stablecoin bill. The trigger? A sudden shift in Washington. With Senate Democrats backing off earlier resistance, the industry-backed bill is now headed for floor debate, possibly this week. Investors read that as a green light. Michael Novogratz, CEO of Galaxy Digital, put it bluntly: The Trump administration has embraced our industry, telling Bloomberg this shift has unleashed crypto's animal spirits across the globe. Warning! GuruFocus has detected 5 Warning Sign with MS. The billnow rewritten with tighter anti-money laundering rules, curbs on tech giants, and equal footing for foreign issuersis being seen as a long-overdue roadmap for crypto legitimacy. That clarity could be exactly what institutions have been waiting for. Under Gary Gensler's SEC, the crypto space had felt boxed in. Now, with a friendlier tone out of Washington, the floodgates may be cracking open. And the money is already moving. Open interest in Bitcoin futures at CME Group has bounced 23% off April lows, while U.S.-based Bitcoin ETFs have pulled in $3.6 billion in fresh capital this month alone. If the bill passes, this could be the starting gunnot the finish line. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
21-05-2025
- Business
- Bloomberg
Trump's Embrace of Bitcoin Drives It Higher: Novogratz
Billionaire Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., says the Trump administration's embrace of Bitcoin is driving the cryptocurrency higher. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
