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Galaxy Digital ( (TSE:GLXY) ) has issued an announcement.
Galaxy Digital Inc. announced the execution of one of the largest notional bitcoin transactions in history, selling over 80,000 bitcoins valued at more than $9 billion for a Satoshi-era investor. This significant transaction is part of the investor’s broader estate planning strategy and highlights Galaxy’s capability in handling large-scale digital asset transactions, reinforcing its position as a leader in the digital assets industry.
The most recent analyst rating on (TSE:GLXY) stock is a Buy with a C$23.00 price target. To see the full list of analyst forecasts on Galaxy Digital stock, see the TSE:GLXY Stock Forecast page.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Outperform.
Galaxy Digital Holdings is well-positioned with strong profitability, a robust balance sheet, and strategic growth initiatives in AI and digital assets. The upcoming Nasdaq listing and UK expansion are significant positives. However, revenue volatility, cash management issues, and recent crypto market challenges weigh on the score. The technical analysis indicates potential near-term volatility, and the valuation reflects both optimism and inherent risks. Overall, while the company has a solid foundation for future growth, investors should remain cautious of market volatility and regulatory challenges.
To see Spark’s full report on TSE:GLXY stock, click here.
More about Galaxy Digital
Galaxy Digital Inc. is a global leader in digital assets and data center infrastructure, providing solutions that drive advancements in finance and artificial intelligence. The company offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. Additionally, Galaxy invests in and operates advanced data center infrastructure to support AI and high-performance computing, addressing the increasing demand for scalable energy and compute solutions. Headquartered in New York City, Galaxy has offices across North America, Europe, the Middle East, and Asia.
Average Trading Volume: 1,243,191
Technical Sentiment Signal: Buy
Current Market Cap: C$16.44B
See more insights into GLXY stock on TipRanks’ Stock Analysis page.