Galaxy Digital, a crypto investment company founded by Mike Novogratz, made its Nasdaq debut on Friday, marking a significant moment for cryptocurrency in public markets. The company’s shares began trading at $23.50 per share after a lengthy transition period from the Toronto Stock Exchange.
Novagratz expressed confidence that this is just the beginning of the crypto industry’s growth, stating, “I think we’re at the beginning of the race, not the end of the race.” His comments come as digital assets have enjoyed a resurgence under President Donald Trump’s administration, which has proposed regulations for cryptocurrencies and signed an executive order to create a federal stockpile of bitcoin.
Other notable developments in the crypto space include Coinbase joining the S&P 500 index beginning May 19, and eToro going public with a valuation of $5.64 billion. Robinhood rival eToro’s shares surged 34% on Wednesday, while Galaxy Digital’s shares reached $24.89 at closing.
The Nasdaq debut marks a major milestone for Galaxy Digital, which has also explored artificial intelligence data center infrastructure. As the crypto industry continues to grow, it remains to be seen how these new listings will impact market trends and investor sentiment.
Source: https://www.reuters.com/business/mike-novogratzs-galaxy-digital-debuts-nasdaq-bumper-week-crypto-2025-05-16