Zac Prince (@GalaxyOneZac) / X

Zac Prince

3,874 posts

Zac Prince

@GalaxyOneZac

Head of @galaxyoneapp at Galaxy $GLXY Disclaimer: bit.ly/4o54XpI

Joined July 2017

Pinned
Zac Prince
@GalaxyOneZac
Mar 31
Solana staking on @galaxyoneapp is live. Some platforms charge up to 35% in commission fees on your staking rewards. We’re charging 0% platform commission through 2026* so you can keep more of your rewards. We’re able to do this because we’re powered by @galaxyhq’s staking
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Zac Prince
@GalaxyOneZac
Jun 30, 2022
Lots of market rumors out there - I can 100% confirm that we aren’t being sold for $25M. I encourage everyone to trust only details that you hear directly from @BlockFi. We will share more w you as soon as we can.
Zac Prince
@GalaxyOneZac
Jun 21, 2022
Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.
Zac Prince
@GalaxyOneZac
Jul 19, 2021
Not scared, buying #btc
Zac Prince
@GalaxyOneZac
Feb 11, 2021
Got some sample cards in from the printer Design ✅ Clink Factor✅ Going to approve this. My work for today is done 😎
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Zac Prince
@GalaxyOneZac
Jul 1, 2022
(Long thread!) Excited to share an update on our previously announced term sheet with @FTX_US - and how we've broadened the scope of the initial deal for the benefit of all key @BlockFi stakeholders.
Zac Prince
@GalaxyOneZac
Jun 30, 2022
Picking up a quarter #btc this morning 😎
Zac Prince
@GalaxyOneZac
May 21, 2021
What should my first purchase be?? #btc
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Zac Prince
@GalaxyOneZac
Jun 13, 2022
All products and services @BlockFi continue to operate normally, including loans, interest earning, trading, credit card and deposits / withdrawals. We have zero stETH exposure and exited the principal positions we had in GBTC last fall.
Zac Prince
@GalaxyOneZac
Feb 24, 2021
In case you haven't seen the news, the fedwire system is down so we (and everyone else) aren't able to process incoming or outgoing wires or ACH payments currently. Crypto payment rails for incoming and outgoing transactions continue to operate normally. Wow.
Zac Prince
@GalaxyOneZac
Feb 14, 2022
1/11 HUGE day for @BlockFi and our interest-bearing product, the BIA. We’ve reached a resolution with both the SEC and state regulators that identifies a clear path forward for folks to earn interest on their crypto. My POV below.
Zac Prince
@GalaxyOneZac
Mar 11, 2021
1/ We're announcing today that @BlockFi closed our Series D round of funding. We raised $350M at a 3B valuation from a great group of investors 👇 blockfi.com/blockfi-comple…
Zac Prince
@GalaxyOneZac
Feb 1, 2021
Another record breaking month of interest payments @BlockFi 🚀 Our clients earned over 28M in interest for January including >400 #btc, >4500 #ETH and >5M in stable coins Also we increased Litecoin rates for Feb. Thank you!
Zac Prince
@GalaxyOneZac
Jun 16, 2022
Replying to @GalaxyOneZac
BlockFi can confirm that we exercised our best business judgment recently with a large client that failed to meet its obligations on an overcollateralized margin loan. We fully accelerated the loan and fully liquidated or hedged all the associated collateral.