The Crypto Galaxy Digital Investment Company is preparing to move its public rating of the Toronto Stock Exchange (TSX) to the NASDAQ based in the United States on May 16, pending approval of end shareholders at a special meeting scheduled for May 9.
This decision also requires the authorization of the NASDAQ before the trade can start with the planned tickle symbol, GLXY, according to a recent announcement.
The CEO of Galaxy calls Nasdaq to move an “important step” for the expansion of access to the crypto and the AI
The CEO and founder of Galaxy, Mike Novogratz, described the STEP as an “important step” in an April 30 declaration, stressing that it will strengthen the role of Galaxy in the fact that access to digital investors and the sectors of artificial intelligence.
Double market presence would expand the visibility of the company and attract a wider basin of institutional investors.
Galaxy has been negotiated on the TSX since July 2020, but is down around 12.28% the year at the start, according to Google Finance Data, reflecting wider market opposite winds.
Meanwhile, the Nasdaq 100 fell 7.33% in 2025, although Aril brought a slight rebound, helping to stimulate feeling among technological and cryptographic investors.
The ambitions of the list of the United States of Galaxy coincide with a renewal of optimism in cryptographic companies listed in Nasdaq.
Coinbase (Coin) increased by 17.80% in April, while Microstrategy (MSTR), led by Bitcoin defender Michael Saylor, won 31.86%.
Bitcoin Mining Company Cleanspark (CLSK) also jumped 21.58%, according to Google Finance Data.
Novogratz, a well -known Bitcoin supporter, remains determined to increase the galaxy investment footprint.
The Galaxy Ventures Fund I LP from the target company up to $ 180 million in capital by June, aimed at supporting around 30 startups in the crypto and blockchain space.
The eminent anthony cryptographic entrepreneur Poseliano noted market resilience in an article on April 30 on X, stressing that the Nasdaq 100 finished in April more than 1%.
“And people are still talking about the great depression,” he joked, calling for the “crazy” market reaction.
The Nasdaq 100 ended in April by more than 1% and people always talk about the great depression.
Mad.
– Anthony Poseliano
(@Apompliano) May 1, 2025
(@Apompliano) If Galaxy secures the necessary approvals, it will soon join the ranks of large cryptography companies anchoring their future in American capital markets, highlighting an increasing convergence between traditional finances and digital assets.
Galaxy Digital UK Arm secures the FCA license
Last month, Galaxy Digital obtained a regulatory license for its British subsidiary on Wednesday.
The License of the Financial Conduct Authority (FCA) of the United Kingdom would allow Galaxy to offer trading capacities derived in the United Kingdom.
In addition, the license will help the company’s investment banking unit to provide capital collection and advice services to its London office. Galaxy Digital UK would also support its asset management activity with activities such as funding.
In March, the New York State Attorney General’s Office General (OAG) inflicted a fine on Galaxy Digital 200 million dollars following a survey on its alleged manipulation of the Luna cryptocurrency market.
The investigation, carried out under the Martin law and article 63 (12) of the law of the leaders of New York, revealed that Galaxy gave himself up to deceptive negotiation practices by promoting Luna while secretly unloading her assets.
Galaxy Digital would have started to acquire Luna in 2020 directly in Terraform Labs to a significant discount, thinking that she would use her influence to arouse the interest of the token.
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