Galaxy Digital, led by Michael Novogratz, has secured nearly all of CryptoManufaktur LLC’s Ethereum assets, boosting its staking portfolio by about 43%. The deal’s details remain undisclosed.
Galaxy Digital’s recent acquisition of CryptoManufaktur’s Ethereum assets appears to be more than just another strategic move; it seems to signal a broader commitment to staking as a consistent revenue channel in an otherwise volatile market. Based on my own analysis of similar moves in the past, such acquisitions typically provide the acquiring firm with improved network security and greater control over staking rewards. The decision also likely reflects a growing institutional confidence in Ethereum’s future, suggesting that staking might become a central component of long-term crypto investment strategies.