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Galaxy Digital ( (TSE:GLXY) ) just unveiled an announcement.
Galaxy Digital Inc. has expanded its role in the liquid staking market by acquiring Alluvial Finance, the former development company behind Liquid Collective, a leading liquid staking protocol. This acquisition enhances Galaxy’s institutional staking infrastructure and aligns with its mission to provide comprehensive trading and investment services for institutions in onchain markets. By becoming the Development Company for Liquid Collective, Galaxy aims to leverage its expertise to broaden access to compliant liquid-staking products globally, while Liquid Collective continues to operate independently under The Liquid Foundation to ensure neutrality and transparency.
The most recent analyst rating on (TSE:GLXY) stock is a Buy with a C$42.00 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, offering institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company also develops and operates data center infrastructure to support AI and high-performance computing workloads, with a significant presence in North America, Europe, the Middle East, and Asia.
Average Trading Volume: 1,274,540
Technical Sentiment Signal: Buy
Current Market Cap: C$13.85B
See more data about GLXY stock on TipRanks’ Stock Analysis page.