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A Shocking Acquisition Move From Galaxy Digital!

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A shocking acquisition move from Galaxy Digital! Galaxy Digital, a cryptocurrency-focused financial provider founded by Mike Novogratz, announced in a press release on Friday that it received an offer to acquire the self-holding platform GK8 from the defunct cryptocurrency lender Celsius Network.

Galaxy Digital plans to expand its reach

While financial details of the deal were kept under wraps, Galaxy spokesman Michael Wursthorn said the amount was less than Celsius had spent a year earlier. According to reports, Celsius paid $115 million to buy GK8 in November 2021.

With this purchase, Galaxy hopes to expand the strength of its first brokerage service. The Galaxy staff will grow to up to 40 employees, including artists and blockchain technologists. According to the company, the purchase, pending regulatory approval, will expand Galaxy’s global reach by adding a new office in Tel Aviv, Israel.

GK8 Premier offers

In a statement, Novogratz, the Founder and CEO of the company, said that the addition of GK8 and the top offer at this time is very important for the company and shows that it remains committed to the opportunities that can be created Galaxy in a permanent way.

Celsius filed for bankruptcy protection in July and was ordered to sell some of its assets in response to the cryptocurrency industry’s decline.

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