Galaxy Digital Officially Listed on Nasdaq: A Major Leap for Crypto and AI on the Global Stage

Galaxy Digital and Its Nasdaq Debut

Galaxy Digital Holdings Ltd., a major player in crypto assets and artificial intelligence (AI), officially went public on Nasdaq on May 16, 2025, under the ticker $GLXY. This milestone legitimizes digital assets in the eyes of traditional financial markets and opens wider access for both retail and institutional investors to participate in the growing digital and AI economy.

Mike Novogratz’s Vision for Galaxy

Founded by Mike Novogratz, a former Wall Street executive and prominent crypto investor, Galaxy Digital has grown into a global infrastructure powerhouse. Prior to its Nasdaq debut, Galaxy had been listed on the Toronto Stock Exchange since 2018. This new listing signals Novogratz’s bold ambition to bridge the gap between traditional finance and the digital economy of the future.

Why a Direct Listing?

Unlike conventional IPOs, Galaxy chose a direct listing method, allowing existing shareholders to sell their shares without dilution. The approach offers more transparency around valuation and signals confidence in the company’s intrinsic market value. It’s a strategic move that prioritizes investor trust and long-term vision.

Financial Performance and Diversification Strategy

Over the past three years, Galaxy’s financial performance has been volatile. It recorded a $1.71 billion net profit in 2021, suffered $1 billion in losses during the 2022 bear market, and rebounded in late 2024 with $174.3 million in Q4 earnings. To mitigate future volatility, Galaxy has diversified into AI infrastructure and High Performance Computing (HPC).

AI Infrastructure: Real Innovation or Buzzword?

Unlike companies riding the AI hype, Galaxy backs its claims with real infrastructure. It has built the Helios data center, designed for AI and large-scale mining workloads. It also secured a 200 MW power deal with CoreWeave, highlighting its serious investment in compute-heavy operations.

Regulatory Oversight and Compliance

Being listed on Nasdaq draws the attention of regulators like the SEC. Galaxy affirms its compliance with GAAP accounting standards and is prepared for increased scrutiny. This signals its readiness to operate at the highest level of financial governance.

Critical Questions from the Public

Netizens have raised concerns—from greenwashing to overexposure to Bitcoin, and whether this listing signals true growth or a valuation rescue. Galaxy responded directly: it uses 69% renewable energy in its mining operations and manages $7 billion in platform assets, serving over 1,300 institutional partners.

A New Symbol for the Digital Economy?

With $GLXY trading on Nasdaq, Galaxy Digital isn’t just gaining market access—it’s cementing crypto and AI as integral parts of the global financial future. This is more than a listing—it’s a turning point for the legitimacy of digital finance.