According to The Block, Galaxy Digital President Chris Ferraro said at the JMP Securities Technology Conference that the company still has surplus funds after two infrastructure acquisitions at the end of last year, but before making new acquisitions, it must first manage previous investments. In December last year, Galaxy Digital agreed to acquire the Helios Bitcoin mining facility and its related businesses from Argo Blockchain for approximately $65 million, and last month acquired substantially all of the assets of institutional digital asset custody platform GK8 for approximately $44 million. Ferraro said, "While we do not deny that we may continue to be active in mergers and acquisitions, the focus this year should be on strengthening previous acquisitions, integrating them, and doing a good job of infrastructure construction. We have no right to acquire more companies before we do this." Last year, Galaxy Digital terminated its agreement to acquire cryptocurrency custodian BitGo, which the company announced in 2021 to acquire BitGo for $1.2 billion.

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