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

Cointelegraph

Published Aug 05, 2022 07:46AM ET

Updated Aug 06, 2022 09:40AM ET

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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