Novogratz, Princeton Allies Fuel Crypto’s Stock-Market Push (1)

A tight circle of crypto power players — including Galaxy Digital’s Mike Novogratz and Pantera Capital’s Dan Morehead — keeps turning up in deal after deal, shaping one of the boldest bets in crypto’s new era: the digital-asset treasury boom.

These public companies — around 85 and counting this year — have raised billions from investors everywhere from the US and the Gulf to Asia. Their gambit: use Wall Street tactics to raise capital, stockpile crypto, repeat. And week after week, many of the same names keep appearing in the industry’s boldest trades.

Novogratz. Morehead. And Joe Lubin ...