Famous Bitcoin (BTC) bull Mike Novogratz will invest $100 million in crypto-based projects through his crypto venture firm.
Malta-based Cryptology Asset Group, co-founded in 2018 by Mike Novogratz and his business partner Christian Angermayer, is an investment firm for blockchain and crypto-related businesses in Europe.
In its report, the company announced for the first time its readiness to support crypto venture funds and businesses globally by focusing on funds, emerging executives and investments in eGP shares.
Novogratz, who holds 85% of his wealth, which is worth billions of dollars, in crypto money, also founded the wealth management company Galaxy Digital in 2018. It is stated that the company manages $ 1.5 billion dollars.
According to Cryptology CEO Patrick Lowry, the company’s crypto support efforts are in line with the trend towards cryptocurrencies. The company has increased its capital from $33 million to $540 million in the last three years.
The Bitcoin bull has spent the last six years trying to get investors into crypto. In a recent interview, Novograrz said it is important to provide easier ways for investors to enter the industry.
Angermeyer also explained his thoughts on the subject:
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.