Mike Novogratz, best known for being a vocal proponent of Bitcoin and its fellow crypto contemporaries, made a sizeable $15 million dollar investment into a new alt-currency exchange platform called AlphaPoint Corp.
Even with the sluggish trends that currently engulf the crypto sector, Novogratz continues to develop his personal venture, Galaxy Digital, as an “institutionalized, high-tech cryptocurrency fund”.
This was made evident last month when Galaxy Digital got onboard with Bloomberg to establish an all-new corporate investment tool called the Bloomberg Galaxy Crypto Index (BGCI).
In relation to his latest investment venture, Novogratz said:
“We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets . . . We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets.”
Aside from this latest investment, Novogratz also laid out a plan of action which will see him raise over $190 million so as to get his company’s shares listed on traditional stock exchanges.
With investor confidence increasing due to the SEC’s latest announcement, it seems as though things are finally beginning to turn around for the crypto sector.
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