The aggressive fall of the BTC has ravaged many crypto-platforms in its path and the crypto-bourse Galaxy Digital is among the most affected. According to the platform's annual report, nearly $ 273 million would have been lost in 2018.
273 million in a single year
2018 is the longest period of regression in the history of crypto, and in this fall, many crypto-fellows suffered colossal losses. Despite the stabilization of the price from November, followed by a recovery in April 2019, the wounds did not close.
Galaxy Digital, a crypto-stock exchange owned 80% by Mike Novogratz, has filed its annual balance sheet recently, and finds a huge gap of $ 272.6 million in its activities.
According to the report, $ 13.5 million of losses are inherent in trading activities followed by $ 88.5 million in cryptocurrency losses.
Novogratz remains optimistic
For the CEO of Galaxy Digital, the situation has recovered despite the 36% losses suffered by the investment portfolio.
After seeing the results, Mike Novogratz told his shareholders:
"The results of the company of the year have certainly not been excellent ... but it's a little disappointing, because for me what matters is the operating loss and what our cash book does. "However, he did not wait long before straightening his head, announcing a better future for Galaxy Digital.
Confident of current market performance, in which companies "have improved in all areas. "
He pursues :
"Our goal this year is to make our business as close to financial balance as possible ... we have started the first few months. I am more optimistic than four months ago. Winter has arrived and spring is here. "What do you think of the current situation of Galaxy Digital? Comment in the comments section.