Galaxy Digital has finally debuted on Nasdaq, starting the trading of its GLXY shares on Friday. The event of the financial services company also in digital assets by Mike Novogratz arrived in a general week of bull crypto, along with other important events from other industry companies: eToro and Coinbase.
Galaxy Digital and the debut on Nasdaq: the letter from CEO Mike Novogratz
Galaxy Digital, a financial services and digital assets company, has finally debuted on Nasdaq, starting the trading of its GLXY shares on Friday.
For the event, the CEO of Galaxy Digital, Mike Novogratz, (former Goldman Sachs banker), has published his letter:
Venerdì, ero sul pavimento del Nasdaq insieme alla mia famiglia, amici e colleghi per suonare la campana di apertura.
È stato un momento cruciale per Galaxy—il nostro debutto come azienda pubblica negli Stati Uniti. Ma per me, è stato più di un semplice traguardo aziendale. È stato il compimento… pic.twitter.com/HEOQ0638Ur
— Mike Novogratz (@novogratz) 19 maggio 2025
In practice, Novogratz described the new debut of Galaxy Digital as a publicly traded company in the United States as the fulfillment of a personal scommessa personale.
In fact, Novogratz describes his personal experience of three decades spent on Wall Street at Goldman Sachs and Fortress Investment Group, with ups and downs, the booms and the crises of the ’80s and ’90s, all punctuated by the seismic shock of the global financial crisis of 2008.
It was only in 2013 that Novogratz learned about the Bitcoin Whitepaper through friends, commenting on this first encounter as follows:
“Bitcoin was not just a new asset. It was an invitation to rethink how trust is built, how value is moved, and how ownership is defined. It reminded me why I fell in love with the markets. And it forced me to ask the question that changed everything: did I just want to invest in this technology or did I want to help shape what comes next?”
And here is Novogratz’s bet, who built Galaxy Digital in 2018 with the goal “not to ride the hype or chase the headlines, but to build the rails.”
Now Galaxy Digital is a fully integrated digital asset platform that offers trading services, investment banking, asset management, staking, tokenization, and custody technology. The company now has over 500 employees in North America, Europe, the Middle East, and Asia.
Galaxy Digital and its debut on Nasdaq in a week of bullish crypto
Galaxy Digital (GLXY) began trading on Nasdaq on Friday, moving from the Toronto Stock Exchange at an opening price of 23.50 dollars. Last time, the shares were traded at 24.89 dollars.
This week of the big event has also been crucial for the crypto market, which has recorded a general bullish trend.
In fact, at the time of writing, Bitcoin (BTC) is worth $106,000 and is in a bull pump of +3.19% compared to a week ago.
Specifically, the price of BTC has returned to shine with six figures, thus above the fateful threshold of $100,000, only since May 8th, exactly three months after the last time in February.
In any case, the entry of Galaxy Digital to Nasdaq had already been announced at the beginning of April, when the Security and Exchange Commission (SEC) of the USA had given its official permission.
Until that moment, the group has been present on the Toronto Stock Exchange with the ticker GLXY, aware that the American market remains the main goal, both for visibility and for access to the larger institutional capitals.
The case of eToro and Coinbase
The debut of Galaxy Digital on Nasdaq comes in a week not only of bullish crypto, but also of other important entries in the traditional market of crypto companies.
In fact, at the beginning of May, eToro had officially started its roadshow for the initial public offering (IPO), announcing the intention to list on Nasdaq with the ticker “ETOR”.
In practice, the global trading and investment platform, including crypto, has issued 10 million Class A ordinary shares, half of which were offered by the company and the other half by some existing shareholders.
Just yesterday, May 19, the inclusion of Coinbase in the S&P 500 also officially came into effect, the benchmark index of the US stock market. The publicly traded company behind the famous crypto-exchange and crypto-wallet has taken the place of Discover Financial Services.
