Galaxy Digital is set to list on Nasdaq, switching from the Toronto Stock Exchange. The symbol for its Class A common stock will be GLXY. Approval from shareholders on May 9 is crucial for this transition.
The Nasdaq listing aims to enhance visibility for U.S. Investors and increase liquidity. Galaxy Digital intends to become more accessible to institutional players and expand into the artificial intelligence sector.
In September 2024, Galaxy Digital reduced its Bitcoin holdings by 1,652 BTC. Nevertheless, Novogratz predicts Bitcoin may surpass gold in market dominance in five to eight years.
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