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Novgratz-Led Cryptocurrency Bank Lost More than $130 Million in Q1

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To say that Galaxy Digital, the cryptocurrency merchant bank founded by billionaire hedge fund manager Mike Novogratz, had a disappointing first quarter would be an understatement. The firm, billed as the “Goldman Sachs of Crypto,” lost more than $130 million during the first three months of the year, a product of a bear market that

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