Galaxy Digital Surges 15% on Nasdaq Debut

Galaxy Digital Debuts on Nasdaq After Lengthy Regulatory Process

• Galaxy Digital began trading on Nasdaq under the ticker GLXY.
• The listing followed a 1,320-day regulatory process with the SEC.
• The process cost Galaxy over $25 million.
• Galaxy reported a net loss of $295 million in Q1 amid a crypto market downturn.
• Despite losses, gross revenue rose to $12.9 billion, a 38% increase from the previous quarter.

Galaxy Digital’s entry into the US public market via Nasdaq was marked by an extensive regulatory journey costing over $25 million and resulting in a significant increase in gross revenue despite earlier losses.