Digital asset company Galaxy Digital Holdings (TSX:GLXY) expects to uplist to the Nasdaq on May 16, 2025.
A special meeting of shareholders is expected to take place on May 9th to approve the move. Final approval will be from the exchange.
Mike Novogratz, CEO and Founder of Galaxy, said they believe that trading on Nasdaq would be a transformative milestone for the company, advancing their mission of providing a gateway for investors to access the digital asset and artificial intelligence ecosystems.
“We are confident that this listing will be value enhancing to the company and our shareholders and enable us to attract a broader investor base.”
Galaxy, launched in 2018, operations three businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. This includes trading, lending, mining, advising and more.
The transition from the anti-crypto Biden administration to the pro-crypto Trump administration has reversed the prospects of the entire digital asset sector as new rules will enable digital asset innovation to accelerate.
Galaxy currently has a market cap of around CAD $7.7 billion. Shares rose on the news.
