📉 Mike Novogratz’s crypto trading desk lost $136 million in nine months
Net realized and unrealized losses on digital assets at Galaxy Digital Holdings LP’s trading operation totaled about $41 million in the third quarter, bringing losses for the first nine months of the year to $136 million, according to company filings this week. The latest hit was caused in large part by losing bets on ether ($ETH), bitcoin ($BTC) and XRP ($XRP), Galaxy Digital said.
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