Mike Digital Novogratz's Galaxy Digital records 272, 6 million losses for 2018

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.