ICYMI: Galaxy’s Mike Novogratz talks Terra collapse in new shareholder letter
penned by Novogratz comes days after Galaxy released an update on its liquidity position. Galaxy is an early backer of Terraform Labs, the developer of the Terra blockchain, having taken part in a $25 million funding round announced in January 2021.
Novogratz went on to note that"[o[ur principal investments team invested in Luna in Q4 of 2020," saying that Galaxy felt drawn to invest because of the focus on payments.
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