Galaxy Digital is about to trade its toque for a tailored Wall Street suit.
The Toronto Stock Exchange-listed crypto investment firm, led by Bitcoin bull and all-around digital asset hype man Mike Novogratz, has announced plans to list on the Nasdaq starting May 16—pending a final “aye” at the company’s May 9 shareholders meeting.
“We’re building a gateway for investors to access the digital asset and AI ecosystems,” Novogratz said on April 30. Translation: We want your dollars, and we want them faster.
If all goes smoothly, Galaxy will begin trading on Nasdaq under the ticker GLXY, while maintaining its TSX presence through a transition period. The listing still requires Nasdaq’s final blessing, of course—because nothing in crypto is official until it gets through at least three committees and a ceremonial tweet.
From Winter Slump to Spring Fling
Galaxy’s move comes on the heels of a rebound in crypto-related stocks, proving once again that you can’t keep digital coins—or their backers—down for long.
Despite being down 12.28% year-to-date on the TSX (thanks, volatility), Galaxy is hoping the bright lights of Nasdaq will attract a broader, more enthusiastic investor base. After all, the Nasdaq 100 is only down 7.33% in 2025, and April even saw a modest 1% bump, which crypto influencers are treating like the second coming of the bull market.
“People are still talking about the Great Depression,” laughed Anthony Pompliano on April 30. “Insane.”
He’s not wrong, especially considering that Bitcoin just tapped $95,109, and crypto stocks have gone full spring bloom:
- Coinbase (COIN): +17.80%
- MicroStrategy (MSTR): +31.86%
- CleanSpark (CLSK): +21.58%
Not to be outdone, Galaxy is also busy on the VC side, with Galaxy Ventures Fund I LP expected to raise $175M to $180M by June’s end. The goal? A portfolio of 30 shiny crypto and blockchain startups—because if you're going to bet on the future, you might as well do it 30 times.
Abimbola Adu
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
