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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Bitcoin Bull Mike Novogratz's Conviction In Terra (LUNA) Was So High, He Got It Tattooed On His Arm — Now, It's A 'Constant Reminder' Of 'Humility'

Mike Novogratz Terra LUNA Galaxy Galaxy Digital UST Crypto Galaxy Digital Holdings Ltd Cryptocurrency

Galaxy Digital Holdings Ltd (OTC:BRPHF) CEO Mike Novogratz has written a letter to shareholders of the company and the cryptocurrency community at large touching on Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST) fiasco that rocked the market recently.

What Happened: Novogratz, a Bitcoin (CRYPTO: BTC) bull who has a $500,000 price target on the coin for a 5-year timeline, said Galaxy Digital invested in LUNA in the fourth quarter of 2020 using “balance sheet capital.”

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