I saw in Galaxy Digital's business letter that Helios has been valued by Mike Novogratz and his team at $15 billion dollars. That's what they stated in their annual report, indicating they are serious about their moves in this sector.

It's just interesting because we often see these kinds of valuations in the crypto space, but Galaxy Digital is truly one of the established names here. Helios seems to be part of their larger vision for the ecosystem.

On a side note, the CoinDesk that reported this is part of the Bullish ecosystem, so they have transparency regarding the conflict of interest. You know how it is, it's now a standard disclosure in the industry.