This article first appeared on GuruFocus.

Galaxy Digital Inc. (NASDAQ:GLXY) is facing renewed investor attention as founder Michael Novogratz battles BitGo Holdings CEO Mike Belshe in Delaware court over a failed $1.2 billion crypto merger first proposed in 2021. BitGo is seeking at least $100 million, arguing Galaxy walked away from the transaction and failed to share details about US authority inquiries that BitGo says could have affected the path to approval. Novogratz pushed back in testimony, saying Galaxy was not the subject of those investigations and that they had no bearing on the regulatory approval process.

The deal was originally meant to expand Galaxy’s reach across digital assets as Bitcoin surged and retail…