|Bid||1.5500 x 0|
|Ask||1.7000 x 0|
|Day's Range||1.5800 - 1.7200|
|52 Week Range||0.5600 - 2.4400|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.10|
Further to our press release dated May 11, 2020 , Galaxy Digital has satisfied all the requirements set out by the TSX Sandbox program to begin trading on Monday, July 6, 2020 . Galaxy Digital's last day of trading on the TSX Venture Exchange will be July 3, 2020 after which it will de-list in connection with the graduation to TSX.
Galaxy Digital Announces Results from Annual Meeting and Other Corporate Updates
Galaxy Digital Holdings Ltd. (TSXV: GLXY), through its asset management affiliate Galaxy Digital Capital Management LP, and CAIS, the industry leading alternative investment platform, today announced a strategic partnership providing financial advisors with streamlined access to Galaxy Digital Asset Management's investment products, plus educational resources spanning blockchain and digital assets. The partnership increases awareness and knowledge of blockchain and digital assets at a critical time for advisors, who are experiencing increased client demand for related products.
Galaxy Digital, the diversified financial services and investment management company providing quality digital asset exposure for institutional and accredited investors, and Bakkt®, the digital asset derivatives trading and custody platform majority-owned by Intercontinental Exchange ("ICE"), today announced their partnership to launch a collaborative white-glove service for asset managers looking to acquire, build positions in and store bitcoin ("BTC").
(Bloomberg) -- Mike Novogratz’s Galaxy Digital Holdings Ltd. is partnering with Intercontinental Exchange Inc.’s Bakkt unit to offer “white-glove” service for large asset managers looking to buy and store Bitcoin.“We are talking about multi-billion-dollar asset managers from traditional finance that we are really targeting with this,” Tim Plakas, head of sales at New York-based Galaxy’s over-the-counter trading desk, Galaxy Digital Trading, said in a phone interview.In the last three months, interest from asset managers in Bitcoin as a store of value has spiked, largely the result of the economic uncertainty caused by the Covid-19 pandemic, Plakas said. Hedge fund manager Paul Tudor Jones said that he is holding some Bitcoin, adding fuel to the fire. Demand on the CME Group’s derivatives exchange has been surging, he said.“This partnership that we put in place was really in response to demand we’ve been seeing in the last three months from institutions with a capital ‘I,’” said John Conneely, head of custody business development at Bakkt, the crypto trading platform majority owned by ICE, which also owns the New York Stock Exchange. The companies declined to name customers.While it’s highly volatile, and crashed badly in mid-March, the world’s largest cryptocurrency Bitcoin is up nearly 33% since the beginning of the year. Still, it’s a risky bet, and in May, Goldman Sachs Group Inc. said it doesn’t consider Bitcoin an asset class it would recommend investors get into.“To be honest, different views exist in any market, that’s what makes the market,” Plakas said.With the Galaxy-Bakkt partnership, institutional customers will only have to go through signup once to work with both firms. And both partners can jump on a call with a client at the same time, answering questions or following trade directives.“These sort of participants expect someone 24 hours a day in a Bloomberg chat, or real phones to ring, and they expect someone to pick up,” Plakas said. Galaxy is an investor in Bakkt, and the two companies have collaborated for months, but their services are now more integrated. The partnership is non-exclusive.Galaxy runs an over-the-counter trading desk which can help funds make large trades, and it handled more than $1 billion in trading volume in the first quarter. Bakkt’s custody business safeguards cryptocurrency for more than 70 institutional clients. Bakkt also runs a derivatives exchange.The announcement comes amid a rush of companies -- including BitGo and Genesis -- adding new capabilities in order to be known as crypto’s prime brokers, offering a safe, regulated way for institutional clients to wade into this market.“In the digital-asset space there’s a large push toward offering prime brokerage services that don’t exist in a very mature way,” Plakas said. “These are sort of things that we think about as a firm in terms of the partnerships we develop and offerings that start to go down the prime brokerage-like route.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Michael Novogratz , CEO and Founder of Galaxy Digital, and members of management will host a conference call to provide a general update to shareholders on the Company's activities and results on the same day at 9:00AM Eastern Time . For those unable to participate, an audio recording of the call will be available on the Company's website until at least 5:00 pm Eastern Time on June 26, 2020 . Galaxy Digital is a diversified financial services and investment management company in the digital asset, cryptocurrency and blockchain technology sector.
"Our move to the TSX, the most senior public market of the TMX Group, is another significant step in our evolution as a public company focused on providing improved liquidity and enhanced public disclosure to investors," said Mike Novogratz , Founder and Chief Executive Officer of Galaxy Digital. Galaxy Digital's activities span one of the largest trading desks for cryptocurrencies in the US, an asset management platform with a growing stable of venture capital, bitcoin and related strategy funds, and a specialist investment banking group centered around strategic M&A and financing advisory services to companies in the sector.
Galaxy Digital Announces Fourth Quarter and Full Year 2019 Financial Results and Provides Corporate Updates
Galaxy Digital to Host a Shareholder Update Conference Call with Live Q&A on Wednesday, April 8, 2020 at 9:00AM Eastern Time
Galaxy Digital to Host a Shareholder Update Conference Call with Live Q&A on Tuesday, November 26, 2019 at 9:00AM Eastern Time
NEW YORK , Nov. 19, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (GLXY.V) announced that its affiliate, Galaxy Digital Capital Management LP, launched the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund. Both funds are passively managed vehicles that offer institutional and accredited investors low-fee, institutionally wrapped bitcoin exposure supported by vetted service providers. The Galaxy Bitcoin Fund requires a $25,000 minimum investment and has quarterly liquidity, whereas the Galaxy Institutional Bitcoin Fund has weekly liquidity and requires a higher minimum investment.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...