Key Takeaways:
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Galaxy Digital plans to start trading at NASDAQ on May 16, pending the shareholder and approved by the NASDAQ.
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Companies listed in Nasdaq posted strong acquisitions in April after a period of macroeconomic uncertainty.
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Galaxy CEO Mike Novogratz said the list will expand at the company’s investor base and US availability.
Listed to the Toronto Stock Exchange (TSX) listed in Crypto Investment Firm Galaxy Digital is set to move to Nasdaq based in the US on May 16, waiting for the stakeholder’s approval at the upcoming shareholders meeting.
Galaxy’s planned move came because some of the listed crypto companies listed in Nasdaq saw a huge acquisition in April, following a chaotic several months of macroeconomic uncertainty.
Founder and CEO of Galaxy Mike Novogratz Says On April 30 the list will be a milestone “that will position us to advance our vision by building a gateway for investors who are safe and efficiently accessible to every corner of the digital asset and artificial intelligence ecosystem.”
NASDAQ list will expand Galaxy investor base
A special Galaxy shareholders’ meeting has been scheduled for May 9 to find the final approval for the move, with the NASDAQ which also needs to offer approval before listing the Crypto firm.
The company plans to use the GLXY ticker symbol in Nasdaq, and if it continues on the list, will enter a move period where it will continue to trade with TSX, where it is first listed in July 2020.
Galaxy dropped 12.28% to TSX until this year in the middle of a broader market collapse, According to In Google Finance data.
Meanwhile, the Nasdaq 100 dropped 7.33% to the present in 2025, According to In tradingview data. However, it lasts in April, along with some commentators who slow down the recent bearish sentiment.
Novogratz is widely known as a pro-crypto advocate and bitcoin (Btc) Bull. This was reported on April 17 Looking forward to Galaxy Ventures Fund I LP To raise nearly $ 175 million to $ 180 million by the end of June to build a portfolio of 30 crypto and blockchain startups.
Crypto businessman Anthony Pomplano Says In an April 30 x post “NASDAQ 100 completed April up to 1%, and people are still talking about the Great Depression.”
“It’s discouraged,” Pompliano added.
Related: Bitcoin ‘Aging’ Chart projects ‘Aging’ Six BTC Rally prices above $ 350K
Many crypto-listed companies listed in Nasdaq have posted acquisitions last month, following greater market disturbance due to macroeconomic uncertainty derived from Trump’s tariffs.
Crypto Exchange Coinbase (Coin) climbed 17.80%, Michael Saylor’s strategy (MSTR) According to In Google Finance data.
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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
