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Galaxy Digital Settles in the United States, Soon to be Listed on Nasdaq
Galaxy Digital converts to the U.S. and lists on Nasdaq
On May 13, Galaxy Digital, a cryptocurrency asset management company, completed its restructuring process from Cayman to the United States. The company is set to list on Nasdaq on May 16 under the ticker "GLXY". This transition marks a strong entry into the U.S. market, with expectations to increase liquidity and credibility.
Net loss in Q1 2025
On the same day, Galaxy Digital announced a net loss of 295 million USD in Q1 2025. The primary reason was the sharp decline in cryptocurrency prices and depreciation costs related to mining. Despite facing difficulties, the company still maintained cash and stablecoin reserves of approximately 1.1 billion USD.
Important notes for investors
The information presented is intended to provide market data and does not constitute investment advice. Investors should exercise caution before making decisions.
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