BTIG raised the firm’s price target on Galaxy Digital (GLXY) to $35 from $26.50 and keeps a Buy rating on the shares. Galaxy Digital’s Q2 operating income was significantly higher than Q1 as BTC rallied 40% since the end of Q1, the analyst tells investors in a research note. Galaxy’s current BTC balance makes them the eighth largest BTC holder among U.S. public companies and positions the company as a diversified play on the secular growth in digital assets, the firm says.
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