Galaxy Digital recently announced an update to Partnership's material investment position, clarifying its position with respect to its investment in Block.One.
During the year Galaxy Digital accepted a tender offer in the ordinary shares of Block.one which brought it a 123% return on the realized investment. Michael Novogratz, CEO and Founder of Galaxy Digital, clarified that the selling is simply due to a rebalancing of their portfolio to maintain an adequate level of diversification. Galaxy Digital therefore remains in strong relationship with Block.One, continuing to push EOSIO projects through the Galaxy EOS VC Fund and keeping excited about EOSIO.
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