Cryptocurrency News

Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

2022.08.05 16:42

Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital.

Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, the firm announced on Friday.

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