The cryptocurrency investment company Galaxy Digital intends to move the rating of its Canada shares in the United States at the beginning of next month. The company, created by Mike Novogratz, who is a lawyer known to Bitcoin, migrated to the Nasdaq of the Toronto Stock Exchange on May 16, subject to the shareholders at an upcoming assembly.
Shareholders to vote on the move of the American market
According to reports, Galaxy Digital called a special meeting of its shareholders for May 9 to guarantee the final approval of the list of list. The company will not immediately be released on the Toronto market in which it scored in July 2020. It will rather continue to discuss the two exchanges during a transition phase. When the relocation occurs, the company aims to go through the symbol of Ticker Glxy on Nasdaq.
Galaxy is preparing to list on the Nasdaq – and we could not be more excited. Ama!
This moment represents an important step not only for us, but for the entire digital asset industry. For years, cryptographic companies in the United States have faced a difficult regulatory environment. It is …
– Galaxy (@galaxyhq) April 28, 2025
Novogratz described the potential list as a key decision for the company on April 30. He explained that the NASDAQ list would position the company to advance its vision of building a “gateway for investors” to access in complete safety and effectively at every corner of the digital asset and artificial intelligence ecosystems.
The planned relocation occurs at a difficult time for the performance of Galaxy Digital actions. According to Google Finance Data, the company’s shares have dropped 12% on the Toronto Stock Exchange since January 2025. The decline has reflected wider market difficulties encountered in recent months.
The NASDAQ 100 index itself decreased 7.30% up to date, based on tradingView data. But April provided a little stability to the markets, the index ending the month up 1%. Some investors believe that the recent negative feeling concerning the economy could be excessive.
Other crypto stocks show recent gains
While Galaxy Digital is preparing for its registration, various companies focused on cryptocurrency are already registered with the NASDAQ saw their increase in actions in April. This follows months of doubt partly launched by economic concerns surrounding the prices introduced by US President Donald Trump.
Cryptocurrency Exchange Coinbase (Coin) experienced a 17% increase in shares. Michael Saylor’s company, Strategy (MSTR), was even better lotie, displaying an increase of almost 32%. The Bitcoin Cleanspark extraction company (CLSK) was also up with a 21%gain, according to Google financing figures.
The increases indicate that although there are hiccups on the global market, there is always a lively interest of investors for cryptocurrency actions.
Star image of Gemini Imagen, tradingView graphic
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