Galaxy Digital plans Nasdaq listing as crypto stocks post strong rebound
Summary
Galaxy Digital, a crypto investment firm listed on the Toronto Stock Exchange (TSX), plans to move to the Nasdaq on May 16, pending shareholder approval. A special meeting for shareholders is scheduled for May 9. The Nasdaq listing aims to expand Galaxy's investor base and will use the ticker symbol GLXY. Currently, Galaxy's stock is down 12.28% on the TSX this year. In contrast, the Nasdaq 100 has decreased by 7.33% in 2025 but showed stability in April. Notable gains were reported for other Nasdaq-listed crypto firms in April, including Coinbase (up 17.80%) and MicroStrategy (up 31.86%). Galaxy Ventures Fund I LP is expected to raise $175 million to $180 million by June for investments in crypto and blockchain startups.
