Galaxy Digital Holdings Ltd. (TSX:GLXY) intends to acquire GK8 from Celsius Network Limited approximately $44 million on December 2, 2022. The acquisition will be the result of a sale process executed in connection with Celsius Network LLC's Chapter 11 bankruptcy and is subject to court approvals and other closing conditions. GK8 founders, Chief Executive Officer Lior Lamesh and Chief Technology Officer Shahar Shamai will stay on to lead Galaxy's new custodial technologies business.

Centerview Partners LLC acted as financial advisor to Celsius Network Limited.