Together, Pantera Capital and Bitstamp’s CEO, Dan Morehead, owned 10% of the company, making them the biggest shareholders.
In the first quarter of 2023, Ripple, a blockchain-based digital payment network, bought a small share of Bitstamp. A copy of the Galaxy shareholder conference call on May 9 says that the deal was made with the help of Galaxy Digital.
Ripple bought shares that had been owned by Pantera Capital, an American company that invests in digital assets. Since 2014, Pantera and Bitstamp’s CEO, Dan Morehead, together owned 10% of the company, making them the biggest shareholders.
“More broadly in our global markets business, on the back of a record year for our investment banking team, we advised Pantera, a leading blockchain asset management firm on the sale of its stake in European digital asset exchange Bitstamp to Ripple Labs in Q1,” said Galaxy president and chief information officer Chris Ferraro.
