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Galaxy Digital plans to start operating at Nasdaq on May 16, pending the approval of shareholders and Nasdaq.
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The cryptographic companies that are quoted in Nasdaq published strong profits in April after a macroconomic period or uncertainty.
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The Galaxy CEO, Mike Novograph, says that the list will expand the company’s investor base and the presence in the United States.
The Crypting Firm in the Toronto Stock Exchange (TSX) Galaxy Digital will move to Nasdaq based in the United States on May 16, waiting for the approval of the interested parties in its next shareholders meeting.
Galaxy’s planned movement occurs when several cryptographic companies that quote on Nasdaq saw substantial profits in April, after a few turbulent months or macroconic uncertainty.
The founder and CEO of Galaxy, Mike Novogratz, said that 30 that the list would be a milestone “would position us to advance our vision of building an entrance door for investors to access each cornest safely and efficiently.
The Nasdaq list will expand the Galaxy investor base
A special shareholders meeting of the galaxy is scheduled for May 9 to seek final approval for moving, and Nasdaq also needs to offer its focus by listing the cryptographic firm.
The company plans to use the Ticker Glxy symbol at Nasdaq, and if you continue with the list, you will enter a period of transition period that will continue to trade with the TSX, in which it is listed for the first time in July 2020.
Galaxy has dropped 12.28% in the TSX so far this year in the middle of a recession of the Brower market, according to Google Finance data.
Meanwhile, Nasdaq 100 has dropped 7.33% so far in 2025, according to TrainingView data. However, it is a stable hero in April, with some commentators minimizing the recent bearish feeling.
Novogratz is widely known as a Pro-Crypto Advocate and Bitcoin (BTC) bull. On April 17 it was reported that Galaxy Ventures Fund i LP is expected to collect around $ 175 million to $ 180 million at the end of June to build a portfolio or 30 cryptography and blockchain startups.
The cryptographic businessman Anthony Pompliano said on April 30 X Post that “Nasdaq 100 ended more than 1%in April, and people are still talking about the great depression.”
“Insane,” Pompliano added.
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Several companies related to the cryptographic contained in NASDAQ have published profits during the past month, after a broader turbulence of the market due to the vote of macroconomic uncertainty of Trump’s tariffs.
Crypto Exchange Coinbase (COIN) has increased by 17.80%, Michael Saylor’s strategy (MSTR) increased 31.86%, and Bitcoin Cleanspark’s mining company (CLSK) has increased by 21.58%, according to Google Finance data.
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This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
