The latest update is out from Galaxy Digital Holdings ( (TSE:GLXY) ).
Galaxy Digital Holdings Ltd. announced that the SEC has approved its registration statement, marking a significant step towards its reorganization and U.S. listing on Nasdaq. This move is expected to enhance Galaxy’s market presence and operational capabilities, with a special shareholder meeting scheduled for May 9, 2025, to approve the reorganization.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
Galaxy Digital Holdings demonstrates strong profitability and strategic growth initiatives, notably in AI and digital assets. Financial stability issues and recent market challenges present risks, but the company’s optimistic outlook and reasonable valuation support a solid overall score.
To see Spark’s full report on TSE:GLXY stock, click here.
More about Galaxy Digital Holdings
Galaxy Digital Holdings Ltd. operates in the digital assets and artificial intelligence infrastructure industry. The company focuses on driving innovation and growth in these sectors, offering services related to digital asset management and investments.
YTD Price Performance: -47.18%
Average Trading Volume: 192,718
Technical Sentiment Signal: Buy
Current Market Cap: $3.25B
For a thorough assessment of GLXY stock, go to TipRanks’ Stock Analysis page.