Mike Novogratz’s Publicly Trading Company to Invest $100 Mln in Crypto Venture Funds
Billionaire Mike Novogratz, CEO of New York-based Galaxy Digital, has announced that he will be investing $100 million in crypto-related venture funds over the course of the next two years.
Cryptology Asset Group, a Malta-based investment company co-founded by Novogratz, has 450 million euros ($548 million) in assets. Through its latest investment, the firm intends to focus on first-time funds and emerging managers with stakes in crypto assets or crypto-related companies.
A publicly traded holding company for blockchain-related assets in Europe, Cryptology already has Block.one, Northern Data, and Iconic Funds in its portfolio. Co-founder Christian Angermayer said in the release,
“We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class.”