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Galaxy Digital ( (TSE:GLXY) ) has shared an announcement.
Galaxy Digital Inc. has integrated with Fireblocks to expand its institutional staking platform, making it accessible to over 2,000 financial institutions using Fireblocks’ digital asset security platform. This collaboration allows institutions to securely stake digital assets directly from their Fireblocks vaults, enhancing Galaxy’s mission to provide secure and capital-efficient staking solutions. The integration is part of Galaxy’s broader strategy to grow its staking platform globally, following previous collaborations with Zodia Custody and BitGo. With approximately $3.15 billion in assets under stake, Galaxy is committed to delivering robust infrastructure for on-chain participation and rewards generation, positioning itself as a key player in blockchain-native financial services.
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 advance finance and artificial intelligence. The company offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. Galaxy also invests in and operates data center infrastructure to support AI and high-performance computing, addressing the growing demand for scalable energy and compute solutions. Headquartered in New York City, Galaxy has a presence across North America, Europe, the Middle East, and Asia.
Average Trading Volume: 1,144,184
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$10.16B
See more insights into GLXY stock on TipRanks’ Stock Analysis page.