Quick take:
- Galaxy Digital launches an Avalanche investment spree, freezing assets for two years with a nippy 40% discount.
Yello Paradisers! Could this massive move in AVAX by Galaxy Digital reshape your crypto portfolio? Galaxy Digital has just rolled out a $26 million investment vehicle dedicated to Avalanche (AVAX)
The Icy Details
Mike Novogratz’s Galaxy Digital isn’t just skating over thin crypto ice; they’re carving out a $26 million chunk of Avalanche (AVAX) and locking it away for two winter seasons.
According to those in the loop, this frigid fund, formally dubbed the Galaxy Digital Crypto Vol Fund LLC, Galaxy Digital Locked AVAX (2-Year) Series, has pitched its icy camp in Delaware, making a cozy base camp for a chilling investment journey starting July 22, 2024.
Who’s Holding the Ice Picks?
At the helm of this frosty venture are two stalwarts from the Windy City office, Jason Urban and Frank Falco, taking on the roles of director and Chief Compliance Officer, respectively. With their guidance, the fund aims to navigate the slippery slopes of digital asset investment without slipping into regulatory crevasses.
No Minimums? No Frostbite
Galaxy’s latest venture is as open as a polar plain, with no minimum investment requirement for external investors, making it a tantalizing proposition for those looking to stash their cash in a cool asset class. It’s a strictly investment affair, with no mergers or acquisitions to heat things up.
The Crypto Winter Just Got Interesting
With Galaxy Digital bundling up to brave a two-year crypto winter, the scene is set for a fascinating freeze. How will this bold move play out in the frosty frontier of crypto investments? Stay tuned and button up; it’s going to be an exhilarating ride through the snowdrifts of digital currency investment.
