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Benzinga
Benzinga
Business
Murtuza J Merchant

Michael Novogratz Says Bitcoin, Ethereum Treasury Frenzy May Be Over — What Now?

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The surge of companies adding cryptocurrencies to their balance sheets may be hitting a plateau, according to Galaxy Digital (NASDAQ:GLXY) CEO Michael Novogratz.

What Happened: Speaking during the firm’s second-quarter earnings call, Novogratz said the peak of new treasury firms entering the space may already be behind us, shifting attention toward which existing players can scale and dominate the market, Bloomberg reported.

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