Mentioned:
Mike Novogratz rose to enormous success on Wall Street. And now, his crypto company is making its debut on the Nasdaq.
What’s happening:
- Galaxy Digital (NASDAQ: GLXY) has officially begun trading on the Nasdaq
Why it matters:
- Galaxy Digital has been listed on the Toronto Stock Exchange for multiple years and only just recently received approval from the United States Securities and Exchange Commission to list onto the Nasdaq
Going deeper:
- Galaxy Digital has also been venturing beyond their highly successful crypto trading and asset management businesses lately, which has largely been fuelled by the rapid expansion of their Texas based Helios data centre which has a multi billion dollar deal for high performance computing with GPU provider CoreWeave (NASDAQ: CRWV)
- The Nasdaq has been seeing a flurry of new digital asset companies list recently, including DeFi Technologies (NASDAQ: DEFT) and Tether backed Antalpha Platform Holding Company (NASDAQ: ANTA)
The intrigue:
- Galaxy Digital has also been making strategic investments into other publicly traded companies on the Nasdaq, including just recently leading a $24M USD financing round for DeFi Development Corp (NASDAQ: DFDV) to accumulate more Solana
