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Galaxy Digital Wins Bid for GK8 in Celsius Bankruptcy Asset Auction

Galaxy Digital announced it had successfully acquired self-custody platform GK8 for an undisclosed sum.

The sale was in connection with Celsius’s Chapter 11 bankruptcy proceedings and has yet to be approved by the court.

Galaxy Digital CEO Mike Novogratz said acquiring GK8 will help Galaxy offer its clients a whole stack of cryptocurrency services, particularly regarding storage solutions. He added that the deal was a strategic opportunity to grow his company.

(by Samuel Wan)

Galaxy Digital Celsius
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