Galaxy Digital Starts Trading on Nasdaq as GLXY
- Galaxy Digital now listed on Nasdaq, under ticker GLXY.
- Shares surged 14% on debut, strong investor enthusiasm.
- Positioned to attract broad institutional investor interest.
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Galaxy Digital began trading on the Nasdaq Stock Exchange under the ticker symbol GLXY on May 16, 2025.
The Nasdaq listing signifies a pivotal moment for Galaxy Digital, expected to enhance its visibility and attract institutional investments.
Galaxy Digital’s Nasdaq debut under the ticker GLXY marks an important milestone. Founder and CEO Mike Novogratz highlighted the enhanced investor access and potential value increase, boosting institutional investor assurance. The dual listing aims to create broader market reach.
“We believe that listing on the Nasdaq would mark a transformative milestone for Galaxy that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems. We are confident that this listing will be value enhancing to the company and our shareholders and enable us to attract a broader investor base.” — Mike Novogratz, CEO and Founder, Galaxy Digital
Mike Novogratz spearheads the company, emphasizing a transformative vision for investor access to digital and AI ecosystems. The shares previously traded as OTC:BRPHF now convert under the same CUSIP, promoting streamlined trading. The focus remains on expanding investor opportunities.
The Nasdaq debut catalyzed a 14% share price surge, underscoring enthusiastic market response. Increased market visibility and credibility are anticipated to draw further institutional engagement, potentially broadening funding and liquidity avenues.
Financially, the Nasdaq listing reflects substantial investor confidence and could influence the company’s growth. The move solidifies regulatory compliance, aligning with U.S. GAAP reporting, which is crucial for attracting new investors in the digital asset sector.
The dual jurisdiction approach via listing in the U.S. and Canada could become a model for future digital asset company listings. Historical precedents from similar Nasdaq debuts suggest sustained market interest and trading volume expansion. The positioning continues to place Galaxy Digital as a key institutional conduit for digital asset investments.
