Galaxy Digital Holding Ltd., billionaire Michael Novogratz’s crypto investment firm, lost $272.7 million during its first year of operations as prices of digital assets collapsed. Galaxy had $249.1 million in digital assets and investments as of Dec. 31, down from $323 million at the end of September, the New York-based company said in a statement Monday. The fourth-quarter decrease was primarily a result of $48.7 million of net realized losses on digital assets and $25.0 million of unrealized loss on investments. "While 2018 was a challenging year for the industry, I am pleased with the ways in which our team ... (full story)