Galaxy Digital secures Nasdaq listing after 4 years: ‘$GLXY’

• Galaxy Digital provides a NASDAQ extract after a 4 -year regulatory trip of $ 25 million.
• Bitcoin’s growth increases interest in crypto-brought stocks such as GLXY and Coinbase.

Galaxy Digital, an American Society for Investments in Mike Novogratz, at a definitive moment for Crypto’s Wall Street crossover, officially secured its list on the global NASDAQ.

Mike Novogratz celebrates a list of Galaxy Digital

Celebration of a milestone with post On X (formerly Twitter) the founder confirmed that trading was launched under the symbol of TICKER $ GLXY.

Said

“A proud moment. In addition to our grateful team, investors, partners and everyone on the way. $ GLXY.”

In a separate interview With CNBC, Novogratz also revealed that the Galaxy Digital Public in the US cost him four years or more than $ 25 million.

Said

“He felt unameric, unfair, angry.”

Novogratz shared that what was expected to be a 90 -day process over 1320 days and required nine rounds of SEC feedback.

He added

“One of the things that people didn’t understand about crypto tax is that you had to be very well capitalized – and quite a big, strong society – just to stay in the game.”

Community reaction

As expected, the community was enthusiastic about this report as the user x, Dustin Burnhamwho noted,

“I remember listening to discussing your philanthropic work, where you pay for bail in cases where people are held in prison simply for bail problems. I really congratulate Miku!”

The echo of similar sentiment was Jeremy Almond, who added

Impact on the price of shares

Shortly after overcoming regulatory obstacles, Galaxy Digital began to officially trade on Nasdaq under the symbol of Ticker $ GLXY.

The shares debuted for $ 23.50 per share and quickly gained traction, reflecting the market optimism around the list.

At the time of trading, Galaxy Digital’s shares recorded a 3.01% increase, achievement $ 31,49 according to Google’s finance, signaling investors’ confidence for the long -awaited US market.

Other companies already listed on Nasdaq

Needless to say, the debut of Nasdaq Galaxy Digital is part of a wider trend, because there are already several companies on cryptomats such as Marathon Digital Holdings and Coinbase Global Inc.

This shift comes in the middle of a steep rise Bitcoin [BTC]the price that has Reignited The share in the asset and shares itself is bound to it.

Therefore, as more institutional money enters space, bitcoins and traditional stocks become more interconnected, showing how the market develops and combines traditional finances with digital assets.