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Galaxy Digital ( (TSE:GLXY) ) has issued an announcement.
Galaxy Digital plans to voluntarily delist its Class A common stock from the Toronto Stock Exchange later this month, maintaining its sole listing on the Nasdaq under the symbol GLXY. The move reflects the company’s shift toward U.S. markets, where most of its trading volume already occurs, and is aimed at reducing redundant listing costs and administrative burdens.
Following the delisting, Galaxy’s normal course issuer bid on Canadian venues will terminate, though the firm may continue repurchasing up to 5% of its outstanding Class A shares through Nasdaq under applicable rules. The company will remain a reporting issuer in Canada, continue to provide full securities disclosures, and expects Canadian investors to access Nasdaq trading via domestic brokers with cross-border capabilities.
The most recent analyst rating on (TSE:GLXY) stock is a Sell with a C$28.00 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 Neutral.
The score is primarily held back by weak financial performance (losses, cash burn, and elevated leverage). Technical indicators also remain soft with negative MACD and the stock below key longer-term moving averages. Offsetting factors come from the earnings call, where liquidity was strengthened and execution progress was highlighted, but near-term revenue ramp timing and crypto-market sensitivity remain meaningful risks.
To see Spark’s full report on TSE:GLXY stock, click here.
More about Galaxy Digital
Galaxy Digital Inc. is a global player in digital assets and data center infrastructure, providing institutional trading, advisory, asset management, staking, self-custody, and tokenization services. The New York-based firm also develops and runs large-scale data centers for AI and high-performance computing, anchored by its 1.6 GW Helios campus in Texas and supported by offices across North America, Europe, the Middle East, and Asia.
Average Trading Volume: 811,820
Technical Sentiment Signal: Hold
Current Market Cap: C$11.56B
For a thorough assessment of GLXY stock, go to TipRanks’ Stock Analysis page.