Galaxy Digital (GLXY, Financials) began trading on the Nasdaq on Friday, transitioning from the Toronto Stock Exchange at an opening price of $23.50. Shares last traded at $24.89.
Galaxy Digital, founded by Mike Novogratz, focuses on cryptocurrency investment and artificial intelligence data center infrastructure.
The public debut caps a milestone week for digital asset firms. Coinbase (COIN, Financials) is scheduled to join the S&P 500 index on May 19. Separately, eToro launched its own Nasdaq IPO, seeing shares rise 34% and valuing the company at $5.64 billion.
Cryptocurrency markets have gained more than 10% year to date, bolstered by new U.S. regulatory developments. President Donald Trump has signed an executive order to establish a federal bitcoin reserve and formed a crypto policy group in his first week back in office.
Novogratz said the listing should be seen as the starting bell, not a conclusion, noting increased regulatory…
