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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.
Galaxy Digital Acquires Nearly $1 Billion in Ethereum in CryptoManufaktur Deal ► https://t.co/LdGKbFazyg https://t.co/LdGKbFazyg
Galaxy Digital Making Moves?📸 Galaxy Digital represents a diversified bet on various crypto aspects, covering areas from trading to Bitcoin mining. @FloodCapital explores their multifaceted business ventures in the latest Hivemind episode. A quick excerpt👇 https://t.co/cF44qIXH4a
FOLLOW-UP ARTICLE: Galaxy Digital acquires $1 billion in Ethereum assets from CryptoManufaktur, boosting its staking portfolio to $3.3 billion. Find out more: https://t.co/xPU2lEVBhT https://t.co/m5x7Ecmux2