#BinanceAlphaAlert
Galaxy Digital Eyes Nasdaq Listing, Pending Shareholder Vote
CEO Mike Novogratz Hails Listing Plan as Key Step for Crypto and AI Expansion
Galaxy Digital is preparing for a potential listing on the Nasdaq, contingent on shareholder approval. In an April 30 statement, CEO and founder Mike Novogratz called the move a “milestone,” emphasizing its potential to enhance investor access to the digital asset and AI sectors.
A dual listing would elevate the firm’s profile and appeal to a broader range of institutional investors.
The company has been listed on the Toronto Stock Exchange since July 2020 but is currently down approximately 12.28% year-to-date, reflecting general market pressures, per Google Finance.
The Nasdaq 100 index, meanwhile, has dropped 7.33% in 2025 but saw a modest recovery in April, which lifted investor sentiment in both tech and crypto markets. Galaxy’s U.S. listing ambitions come amid a wave of renewed optimism around Nasdaq-listed crypto companies.
In April, Coinbase (COIN) rose 17.80%, MicroStrategy (MSTR)—led by Bitcoin advocate Michael Saylor—climbed 31.86%, and Bitcoin mining firm CleanSpark (CLSK) jumped 21.58%, according to Google Finance.
Novogratz, a prominent figure in the Bitcoin community, reaffirmed his commitment to expanding Galaxy’s investment initiatives. The firm’s Galaxy Ventures Fund I LP is reportedly aiming to raise up to $180 million by June to back around 30 startups in the crypto and blockchain industries.
On April 30, crypto entrepreneur Anthony Pompliano pointed to the Nasdaq 100’s April gain of over 1% as evidence of market resilience, joking on X: “And people are still talking about the Great Depression… insane.”
any updates fallow me
