S&P 500
7,371.80
-0.80%
Dow Jones
52,166.50
+0.07%
Nasdaq 100
29,634.90
-0.78%
Russell 2000
3,017.24
+0.43%
FTSE 100
10,545.00
+0.66%
Nikkei 225
71,428.80
+0.43%

Investing

Galaxy Digital to Buy Self-Custody Platform from Bankrupt Celsius

Photo of 247patrick
By 247patrick Published
Galaxy Digital to Buy Self-Custody Platform from Bankrupt Celsius

© frender / iStock via Getty Images

  • Galaxy Digital, Mike Novogratz’s firm, has won the auction to buy some assets from bankrupt crypto lender Celsius Network.
  • GK8, a self-custody platform, will be acquired by the firm in the bankruptcy proceedings.
  • The value of the deal isn’t disclosed but it is reportedly lower than the $115M paid for it by Celsius.
  • Galaxy Digital has not responded/commented yet.

This article originally appeared on The Tokenist

Follow 24/7 Wall St. on Google
Photo of 247patrick
About the Author 247patrick →

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Why the Pay Off the Mortgage Rule Can Cost High-Income Households Six Figures
David Beren |

Why the Pay Off the Mortgage Rule Can Cost High-Income Households Six Figures
The Portfolio That Quietly Pays For Your Midlife Crisis Car
Drew Wood |

The Portfolio That Quietly Pays For Your Midlife Crisis Car

Continue Reading

Celsius Seeks to Sell $18M of Earn Stablecoins in Bankruptcy Proceedings
247patrick |

Celsius Seeks to Sell $18M of Earn Stablecoins in Bankruptcy Proceedings

Celsius Network asked the court for approval to liquidate $18 million of stablecoins in its Earn account to fund the…

Reckless Trades by Celsius’ CEO Revealed Before Court Hearing
247patrick |

Reckless Trades by Celsius’ CEO Revealed Before Court Hearing

Alex Mashinsky lost Celsius Network millions of dollars after the crypto lender’s boss overruled his experienced investors, according to the…

Hodlnaut Creditors Want Firm to Be Liquidated, Reject Restructuring Plan
247patrick |

Hodlnaut Creditors Want Firm to Be Liquidated, Reject Restructuring Plan

Hodlnaut directors are unlikely to retain control of the company after key creditors turned down its proposal for a restructuring…

Celsius Creditors May Get 70% of Their Funds Back, per New Sales Plan
247patrick |

Celsius Creditors May Get 70% of Their Funds Back, per New Sales Plan

Celsius Network debtors have submitted a plan for a sale to investment advisor NovaWulf Digital Management.

Wall Street Giants Battling to Restart Celsius With $50M Injections
247patrick |

Wall Street Giants Battling to Restart Celsius With $50M Injections

At least two Wall Street giants are currently trying to place a winning bid on Celsius, a bankrupt cryptocurrency lender.

Galaxy to Launch Bitcoin ETF in Brazil, Teams Up with LatAm Asset Manager
247patrick |

Galaxy to Launch Bitcoin ETF in Brazil, Teams Up with LatAm Asset Manager

Galaxy Digital joined forces with the largest asset management firm in Latin America to launch a Bitcoin ETF in Brazil.

BitGo Claims Galaxy Digital Owes it $100M for Terminating Deal
247patrick |

BitGo Claims Galaxy Digital Owes it $100M for Terminating Deal

Institutional digital assets company BitGo has hit back at Galaxy Digital Holdings over its decision to terminate the merger agreement…

Argo Blockchain’s Shares Up 100% as Miner Avoids Bankruptcy With $100M Deal
247patrick |

Argo Blockchain’s Shares Up 100% as Miner Avoids Bankruptcy With $100M Deal

Shares of Argo Blockchain rallied after the bitcoin miner secured a $100 million bailout deal with Galaxy Digital.

Zipmex Likely to Allow Customer Withdrawals After Securing Rescue Deal
247patrick |

Zipmex Likely to Allow Customer Withdrawals After Securing Rescue Deal

Beleaguered crypto exchange Zipmex is reportedly close to signing a rescue deal with a VC firm, allowing the company to…

Top Gaining Stocks

Bio-Techne
TECH • Vol: 47,760,398
Micron Technology
MU • Vol: 71,538,413
Applied Materials
AMAT • Vol: 10,835,240
Corning
GLW • Vol: 21,166,638
Teradyne
TER • Vol: 4,712,810

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Dell Technologies
DELL • Vol: 8,842,002
Corpay
CPAY • Vol: 924,307
Apple
AAPL • Vol: 78,038,584
TJX Companies
TJX • Vol: 5,350,645