Galaxy CEO Novogratz says he is buying more shares amid market slump
Photo: Crypto Briefing
Novogratz sees long-term potential in onchain finance and AI despite current market volatility. Galaxy Digital CEO Mike Novogratz is increasing his GLXY holdings as he sees further upside in the company’s long-term business prospects. Novogratz announced the stock purchase on Thursday, amid a market selloff that dragged down crypto-linked equities and sent Galaxy shares down approximately 8% by the close. He said he sees a huge disconnect between the stock’s market price and what he believes the company is worth, pointing to long-term growth in onchain finance and AI demand as key drivers.
Source: Crypto Briefing
