https://www.cnbc.com/2018/07/26/the-biggest-crypto-firm-on-wall-street-just-took-a-134-million-loss-o.html

Crypto merchant bank Galaxy Digital took a $134 million hit in the first quarter as bitcoin lost half its value and other cryptocurrencies struggled to break out of a bear market.

In its first-ever financial disclosure released this week, the New York-based firm reported a net loss of $103.3 million on trading, with $13.5 million on digital assets and another $85.5 million of unrealized losses on those assets. Former Goldman Sachs macro trader Michael Novogratz launched the company in November, a month before bitcoin hit its high near $20,000.