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Crypto Firm Galaxy Digital is Losing an Average of $15 Million every Month

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Galaxy Digital Holdings LP, the cryptocurrency merchant bank founded by prominent crypto investor Mike Novogratz, announced losses totaling $41 million for Q3 2018, bringing the total losses for the year so far to $136 million. Bloomberg reports that the Q3 loss was driven by net realised and unrealised losses on digital assets, chiefly caused by losing positions

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