​Mike Novogratz’s Galaxy Digital receives green light to list shares on Nasdaq

On April 7, 2025, Galaxy Digital Holdings Ltd., led by CEO Mike Novogratz, has received approval from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq Stock Market.

The company plans to relocate its operations from the Cayman Islands to Delaware, pending shareholder approval at a special meeting scheduled for May 9, 2025.

Following this, Galaxy Digital anticipates trading on Nasdaq under the ticker symbol "GLXY" by mid-May, contingent upon meeting all listing requirements. ​

The decision to move to Delaware was influenced by the state's favorable corporate environment, which Galaxy believes will enhance its competitiveness among publicly traded companies.

Delaware's well-established legal framework and regularly updated corporate laws were key factors in this choice.

This development follows Galaxy Digital's recent agreement to pay a $200 million settlement related to its alleged promotion of the now-collapsed cryptocurrency Terra (LUNA).

Currently listed on the Toronto Stock Exchange (TSX), Galaxy Digital plans to maintain its TSX listing for a period following the Nasdaq debut. CEO Mike Novogratz will retain approximately 60% of the company's voting power after the reorganization.

​Galaxy Digital is a diversified financial services and investment management firm dedicated to the digital asset and blockchain technology sectors.

Founded in 2018, the company offers a comprehensive range of services through its three main business lines:​

• Global Markets: Provides trading, lending, derivatives, and advisory services.​fnlondon.com+2Galaxy+2LinkedIn+2
• Asset Management: Offers institutional-grade investment solutions, including active and passive strategies, as well as venture investing.​LinkedIn+3Galaxy+3Galaxy+3
• Digital Infrastructure Solutions: Focuses on bitcoin mining, network validator services, and the development of enterprise custodial technology.​Built In+5LinkedIn+5Galaxy+5

The firm serves a diversified client base, including institutions, startups, and qualified individuals, aiming to bridge traditional finance with the digital asset ecosystem.

Galaxy Digital was founded by Michael E. Novogratz, who also serves as the company's Chief Executive Officer. Prior to establishing Galaxy Digital, Novogratz was a principal and Chief Investment Officer of the Fortress Macro Fund and a partner at Goldman Sachs.

He is also known for his early investments in Bitcoin and other cryptocurrencies.

Galaxy Digital received approval from the U.S. Securities and Exchange Commission to move its operations from the Cayman Islands to Delaware, with plans to list its shares on the Nasdaq under the ticker symbol "GLXY" following a shareholder vote scheduled for May 9, 2025.