Novogratz Says He Is Buying Galaxy Shares Amid 8% Stock Slide

Galaxy Digital CEO Mike Novogratz said Thursday, Nov. 5, that he was buying more shares in the company as the stock finished the session about 8% lower amid a broader market selloff. He tied his view to Galaxy’s longer-term business prospects, pointing to onchain finance and demand for artificial intelligence. Novogratz described a gap between Galaxy’s market valuation and what he believes the business is worth. He argued that politics should not be confused with a company’s long-term outlook. “Let’s not confuse politics with long-term fundamentals,” he wrote.

Source: TokenPost