$GLXY is the Goldman Sachs of crypto. @novogratz became a partner at Goldman in 1998 and then left to start Fortress in 2002 - Novo then became a billionaire after their IPO in 2007 running a killer $2.3B macro book there. After Fortress, Novo bought over 30,000 $BTC sub $100 and 500,000 $ETH sub $1. He then went on to start Galaxy Digital which now has over 800 employees (650 focused on crypto and 150 focused on data centers IIRC). Galaxy has amassed a >$3B balance sheet of crypto, crypto investments, and cash alongside top-tier institutional partnerships and JVs and extensive crypto business lines. Galaxy's crypto business lines include: Franchise Trading (Principal liquidity, derivatives, lending & structured products) - $874M loan book (2nd or 3rd largest CeFi lender in all of crypto) - 1,381 trading counterparties with >$10B in trading volume per quarter (cool to see this recent BTC whale using Galaxy to sell their BTC) Investment Banking (M&A advisory, equity and debt capital markets, general advisory) - Advisor to Bitstamp on their sale to $HOOD - Has been an investor and involved in recent treasury deals like $SBET and $BMNR Asset management (Alternatives, Global ETFs/ETPs, Crypto Services) - >$7B of assets on the platform (involved with multiple ETFs) - Won contracts like the FTX estate deal - >$3B in assets staked with them (4th largest validator on Solana, rumored to be becoming a $HYPE validator) ^ Involved with lots of these treasury companies and can help them custody + stake assets like $ETH $SOL $HYPE - Galaxy is a go-to player for these companies - Just announced an oversubscribed crypto venture fund of $175M Infrastructure Solutions (Staking Solutions, GK8 - custody/tokenization) - Owns GK8, an institutional-grade self-custody and tokenization platform - Is in a joint venture for @AllUnityStable, the first fully regulated EURO stable coin (owns 33%, 33% owned by flow traders and 33% owned by DWS) Novogratz is truly building the Goldman Sachs of crypto and I am here for it!