Galaxy Digital Opens for Trading on Nasdaq: A Milestone for Crypto Finance
On May 16, 2025, Galaxy Digital, the cryptocurrency investment firm founded by Mike Novogratz, commenced trading on the Nasdaq under the ticker symbol GLXY. This move marks a significant milestone in the firm's evolution and the broader integration of digital assets into traditional financial markets.
Strategic Move to the U.S. Market
Previously listed on the Toronto Stock Exchange, Galaxy Digital's transition to Nasdaq was facilitated by the U.S. Securities and Exchange Commission's (SEC) approval for the company to redomicile from the Cayman Islands to Delaware. This strategic relocation aims to enhance the firm's competitiveness within the U.S. financial landscape .
Market Debut and Performance
Galaxy Digital's shares opened at $23.50 per share and closed at $24.89, reflecting a strong debut. The listing coincided with a resurgence in cryptocurrency markets, bolstered by favorable policies from the U.S. government, including the creation of a cryptocurrency working group and a federal bitcoin stockpile .
CEO Mike Novogratz's Vision
CEO Mike Novogratz expressed optimism about the listing, stating, "I think we're at the beginning of the race, not the end of the race." He emphasized that the Nasdaq listing positions Galaxy Digital as a "safe and efficient gateway to digital assets," particularly for institutional investors seeking exposure to the crypto market .#SaylorBTCPurchase #EthereumSecurityInitiative #CryptoRegulation #BTC☀️ 