The main dishes to remember:
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Galaxy Digital plans to start negotiating Nasdaq on May 16, the pending shareholder and the approval of the NASDAQ.
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Cryptographic companies listed at NASDAQ displayed strong gains in April after a period of macroeconomic uncertainty.
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The CEO of Galaxy, Mike Novogratz, said that the list will extend the basis of business investors and the American presence.
The crypto investment company registered on the Toronto Stock Exchange (TSX), Galaxy Digital, is expected to move to the Nasdaq based in the United States on May 16, pending the approval of stakeholders at its next shareholder meeting.
Galaxy’s planned decision occurs while several crypto companies classified by the NASDAQ experienced substantial gains in April, after a few turbulent months of macroeconomic uncertainty.
The founder and CEO of Galaxy, Mike Novogratz, said on April 30 that the list would be an important step “which would position us to advance our vision of building a bridge for investors to access in complete safety and effectively all corners of digital assets and artificial intelligence ecosystems.”
The Nasdaq list will extend the basis of Galaxy investors
A special galaxy shareholder meeting is scheduled for May 9 to request the final approval of this decision, the NASDAQ also needed to offer its approval before listing the Crypto company.
The company plans to use the Ticker Glxy symbol on the Nasdaq, and if it goes forward with the list, will enter a transition period during which it will continue to negotiate on the TSX, on which it first registered in July 2020.
Galaxy is down 12.28% on the TSX so far this year in the middle of a wider market slowdown, according to Google Finance Data.
Meanwhile, the Nasdaq 100 is down 7.33% so far in 2025, according to tradingView data. However, it was stable in April, some commentators minimizing the recent lowering feeling.
Novogratz is widely known as a pro-Crypto lawyer and a Bitcoin bull (BTC). It was reported on April 17 that Galaxy Ventures Fund I LP should raise around $ 175 million to $ 180 million by the end of June to build a portfolio of 30 crypto and blockchain startups.
Crypto entrepreneur Anthony Pospiano declared in an article of April 30 that “the Nasdaq 100 ended in April by more than 1%, and that people always speak of the great depression”.
“Insane”, added Poseliano.
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Several companies related to the crypto listed on the NASDAQ published gains in the last month, after a wider market turbulence due to macroeconomic uncertainty from Trump prices.
Crypto Exchange Coinbase (Coin) increased by 17.80%, Michael Saylor’s strategy (MSTR) increased by 31.86%, and the Bitcoin Cleanspark (CLSK) extraction company is up 21.58%, according to Google Finance Data.
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This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
