Mike Novogratz’s Galaxy Digital has sold most of its share in Block.one, receiving a $71.2 million payday which amounts to a 123 percent gain on its initial investment. According to Novogratz, the massive returns already earned from the cryptocurrency merchant bank’s investment in the company was sufficient incentive to liquidate its holdings. In an announcement published by Galaxy Digital on Tuesday (May 21, 2019), Novogratz also declared: "The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due ... (full story)