- The fund is planned to begin operating in early 2026, with $100M already gathered.
- Up to 30% will be invested directly in cryptocurrencies like Bitcoin and Ethereum.
- The company handles around $17 billion in assets and provides a wide range of services.
The crypto-focused financial company Galaxy, founded by billionaire Mike Novogratz, has announced a new $100 million digital asset investment fund, set to begin operating in early 2026.
The fund has already gathered about $100 million from wealthy private investors, families, and investment firms. It will use a flexible strategy that aims to make money whether crypto prices go up or down by taking advantage of big price swings and market imbalances.
Up to 30% will be invested directly in cryptocurrencies like Bitcoin and Ethereum. About 70% will go into stocks of banks, financial companies, and fintech businesses that are affected by crypto trends and new regulations.
The fund will be overseen by an experienced investor, Joe Armao, with Galaxy also contributing an undisclosed seed investment. Founded in 2018, Galaxy has grown into one of the better-known institutional crypto investment firms. The company handles around $17 billion in assets and provides a wide range of services, from trading and managing money to funding new crypto startups.
Galaxy’s Recent Dealings
In the last half a year or so, Galaxy has been active on multiple fronts. In October, it received a major $460 million investment from a large investment company to boost its finances and help it grow.
Also, the company has put its own Nasdaq-listed equity ($GLXY) on the Solana blockchain, demonstrating its commitment to using this new technology in finance. Looking at its past funding and business moves suggests that Galaxy wants to become a one-stop platform for all things related to digital assets.
The news of the fund arrives as Bitcoin and other cryptocurrencies have dipped from their recent high points, facing general economic pressure. On the day it was announced, Bitcoin was reportedly trading for between $88,000 and $90,000.
Even with these price swings, Galaxy’s leaders think the current situation offers a chance to profit from market ups and downs, as well as from the big, long-term changes being driven by crypto, AI, and new financial technology.
Related: Galaxy Compares Crypto Bill DeFi Rules to Patriot Act Powers
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