Galaxy Digital Announces Second Quarter 2018 Financial Results and Provides Corporate Updates

Galaxy Digital Holdings (TSXV:GLXY) has announced its financial results for Q2 ended June 30, 2018.

As quoted in the press release:

“I am pleased with the progress Galaxy Digital has made in building a world-class firm and the work we’ve done to help institutionalize the digital assets industry,” said Galaxy Digital CEO and Founder, Michael Novogratz. “We remain laser focused on scaling our core businesses and identifying strategic opportunities to expand our global footprint.”

Corporate Highlights

• On July 31, 2018, the Company announced the completion of its previously announced Arrangement Transaction whereby Galaxy Digital LP and First Coin Capital Corp. (“First Coin”) combined to form Galaxy Digital Holdings LP (“GDH LP”), an operating partnership managed by the principals of Galaxy Digital LP.  In this transaction, Bradmer Pharmaceuticals Inc. acquired and holds a minority investment in the operating partnership, and upon completion of the Arrangement, changed its name to Galaxy Digital Holdings Ltd. and resumed an active public listing on the TSX Venture Exchange (“TSXV”).  On August 1, 2018, shares of the Company began trading on TSXV under the ticker GLXY.
• The Company continues to focus on expanding its team with experienced industry executives with deep institutional expertise spanning technology, investing, advisory, asset management and trading.  As part of these efforts, Galaxy Digital is pleased to announce the appointment of Julie Coin as Chief Operating Officer, effective September 4, 2018.  Ms. Coin has extensive operational experience working with numerous financial institutions such as E*TRADE, Deutsche Bank and Merrill Lynch, as well as firms dedicated to the digital assets sector.  In conjunction with this appointment and the continued build-out of the Company, Richard Kim will be shifting his time to strategic projects and business development efforts across the firm.

Click here to read the full press release.