Mike Novogratz is starting up an investment bank to focus on cryptocurrencies and other blockchain-based venturesThe new bank will be active in four areas: trading, principal investing, asset management and advisory work
  • Wants to raise $200 million
  • And to list shares of his Galaxy Digital LP on Canada's TSX Venture Exchange
  • first step is to buy Canadian crypto startup First Coin Capital Corp.
  • Then will merge with a Canadian shell company, Bradmer Pharmaceuticals Inc., through a reverse takeover and use that entity to raise C$250 million in a private placement of stock next month
  • Bradmer to be renamed Galaxy Digital Holdings, will own an interest in the merchant bank


    via Bloomberg
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