Galaxy Digital Plans NASDAQ LISTING AS CRYPTO STOKS Publish a powerful reflection

Published on:

Key results:

  • Galaxy Digital plans to start trading NASDAQ on May 16, waiting for the approval of shareholders and NASDAQ.

  • Cryptographic companies on the NASDAQ list recorded powerful profits in April after a period of macroeconomic uncertainty.

  • Mike Novogratz, general director of Galaxy, claims that the list will expand the company’s investors base and US presence.

The Galaxy Digital, ranked on the Toronto Stock Exchange (TSX), is to move to the American Nasdaq on May 16, waiting for approval of interested parties at the upcoming shareholder meeting.

The planned Galaxy movement appears when several cryptographic companies on the NASDAQ list recorded significant profits in April, after a stormy macroeconomic uncertainty.

Founder and General Director of Galaxy Mike Novogratz he said On April 30, that the offer will be a milestone “which would provide us with the development of our vision of building a gate for investors to safely and effectively access every corner of digital and artificial intelligence ecosystems.”

NASDAQ listing will expand the Galaxy investors database

The special meeting of Galaxy shareholders is scheduled for May 9 to obtain the final consent of the move, and NASDAQ must also offer its approval before the list of a cryptographic company.

The company plans to exploit the GLXY GLXY symbol on Nasdaq, and if it goes forward with the list, it will introduce a transition period during which it will continue to trade on TSX, where it was first exchanged in July 2020.

Galaxy has fallen by 12.28% on TSX this year among the wider market slowdown, According to To Google Finance Data.

GLXY has 12.28% from January 1 on the Toronto stock exchange. Source: Google Finance

Meanwhile, Nasdaq 100 has fallen by 7.33% so far in 2025, According to For TradingView data. However, this remained in April, and some commentators left the recently fondness.

Novogratz is widely known as Pro-Crypto Advocate and Bitcoin (BTC) Bull. On April 17, it was reported that the Galaxy Ventures Fund and LP would raise around $ 175 million to $ 180 million by the end of June to build a portfolio of 30 cryptographic startups and blockchain.

Crypt entrepreneur Anthony Pomplianiano he said In the post of April 30, “Nasdaq 100 ended April by over 1%, and people still talk about the great crisis.”

“Crazy” – added Pomplianiano.

Related: Bitcoin ‘Agging “projects six times BTC Rally above USD 350,000

Several companies related to cryptocurrencies mentioned on NASDAQ have recorded profits over the past month, after wider market turbulence due to macroeconomic uncertainty resulting from Trump’s tariffs.

Crypto Exchange Coinbase (coin) increased by 17.80%, the strategy of Michael Saylor (MST) increased by 31.86%, and the Bitcoin Cleanspark (CLSK) mining company increased by 21.58%, According to To Google Finance Data.

Warehouse: TV Hit Peaky Blinders to run cryptographic game, FIFA Rivals on Polkadot: Web3 Gamer

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

Related

Leave a Reply

Please enter your comment!
Please enter your name here