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Galaxy was chosen in August by administrators of [FTX] to sell, hedge and stake FTX's bitcoin and ether coins, as well as its holdings of Grayscale's bitcoin trust. The win has help swell Galaxy's AUM from $1.7b a year ago to $5.3b. Steve Kurz, global head of asset management, said the firm would be interested in acquiring the assets of other bankrupt companies.
"We have a crypto venture team that has been investing off our balance sheet for five years. The record that we have on that side of our asset management business means we'd be a good candidate for something like that."
https://www.ft.com/content/6279dd10-6232-43d4-b2c9-c902a9f59461?stream=top
