The canine-themed cryptocurrency is up an eye-watering 13,611% for the year to date.
A deal between the asset manager and the crypto custodian is close to being finalized, sources tell CoinDesk.
Mike Novogratz will remain as CEO as the firm plans for a U.S. stock offering later in the year.
It's one of several such applications before the U.S. Securities and Exchange Commission.
“We believe our industry is at an inflection point as we participate in a once in a lifetime secular shift," said CEO Mike Novogratz.
Five investors have aped into the funds since Galaxy unveiled them in late January, SEC documents show.
Galaxy Digital is now hosting its bitcoin mining operations at Blockstream facilities.
Compass raised $1.7 million from a cadre of cryptocurrency businesses and investors.
The company said the capital raised will be used to further grow its business.
A subsidiary of a firm overseeing more than $230 billion in assets will work with Galaxy Digital on what could be the third bitcoin ETF in Canada.
Fidelity's former director of mining, Amanda Fabiano, is leading the mining operations.
Sneaker studio RTFKT combined physical and digital collectibles in an NFT auction that drew $13,331 for a pair of shoes.
Galaxy Digital's institutional bitcoin fund raised an average of $1.6 million from its 33 unnamed investors.
The CI Galaxy Bitcoin Fund has had a preliminary prospectus approved by Canadian securities regulators for an initial public offering.
The cryptocurrency merchant bank has acquired a lending firm and a trading company as it seeks to become the "go to" platform for institutional access to digital assets, the firm said Friday.