Crypto Treasury Issuance May Have Peaked
Michael Novogratz, founder and chief executive of Galaxy Digital, believes the surge in companies holding cryptocurrencies on their balance sheets has likely reached its peak. Novogratz made the comments during Galaxy Digital’s second-quarter earnings call. He stated, “We’ve probably gone through peak treasury company issuance,” adding that the focus is now on identifying which of the existing companies will become market leaders. Galaxy Digital is a financial services and investment management firm in the digital asset, cryptocurrency, and blockchain technology industry. The company provides institutions and direct clients with a full suite of financial solutions spanning the digital asset ecosystem.
Crypto treasury…
