GLXY.V - Galaxy Digital Holdings Ltd.

TSXV - TSXV Delayed Price. Currency in CAD
1.1500
+0.0600 (+5.50%)
At close: 3:59PM EST
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Previous Close1.0900
Open1.0700
Bid1.1100 x 0
Ask1.1500 x 0
Day's Range1.0200 - 1.1500
52 Week Range0.8900 - 2.9100
Volume228,477
Avg. Volume78,514
Market Cap76.967M
Beta (3Y Monthly)0.05
PE Ratio (TTM)N/A
EPS (TTM)-0.1350
Earnings DateNov. 26, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.10
  • CNW Group

    Galaxy Digital to Host a Shareholder Update Conference Call with Live Q&A on Tuesday, November 26, 2019 at 9:00AM Eastern Time

    Galaxy Digital to Host a Shareholder Update Conference Call with Live Q&A on Tuesday, November 26, 2019 at 9:00AM Eastern Time

  • CNW Group

    Galaxy Digital Launches Bitcoin Funds

    NEW YORK, Nov. 19, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV:GLXY.V - News) announced that its affiliate, Galaxy Digital Capital Management LP, launched the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund. Both funds are passively managed vehicles that offer institutional and accredited investors low-fee, institutionally wrapped bitcoin exposure supported by vetted service providers. The Galaxy Bitcoin Fund requires a $25,000 minimum investment and has quarterly liquidity, whereas the Galaxy Institutional Bitcoin Fund has weekly liquidity and requires a higher minimum investment.

  • Galaxy Digital Serves as Co-Manager of Silvergate's Initial Public Offering
    CNW Group

    Galaxy Digital Serves as Co-Manager of Silvergate's Initial Public Offering

    NEW YORK , Nov. 12, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt : 7LX) ("Galaxy Digital" or the "Company") today announced that Galaxy Digital Advisors LLC served ...

  • Galaxy Digital Capital Management: October 2019 Month End AUM
    CNW Group

    Galaxy Digital Capital Management: October 2019 Month End AUM

    All figures are in U.S. Dollars unless otherwise noted. NEW YORK , Nov. 12, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) announced that its affiliate, Galaxy Digital Capital Management ...

  • Novogratz Warns Bitcoin’s Next Leg Lower Could Take it to $6,500
    Bloomberg

    Novogratz Warns Bitcoin’s Next Leg Lower Could Take it to $6,500

    (Bloomberg) -- In the wake of Wednesday’s more than $600 plunge, Bitcoin maven Mike Novogratz warned that the digital currency’s next leg lower could take it all the way down to $6,500. That would represent a 13% drop from current levels.“There’s been a bunch of negative things that have happened recently,” the chief executive officer of Galaxy Digital Holdings Ltd. said in a television interview with CNBC on Thursday. He added that Bitcoin will “need new energy” to make a move back to the $8,000 range.Bitcoin fell to a five-month low on Wednesday, dropping as much as 10%, as Facebook Inc. CEO Mark Zuckerberg testified before the House Financial Services Committee on the company’s efforts to launch a stablecoin. Lawmakers made it clear they were skeptical over the new digital currency and questioned whether the social media giant should be trusted with the power it has amassed with over nearly 3 billion global users.Novogratz said the U.S. Security and Exchange Commission’s decision to stop plans from popular messaging app Telegram to launch and sell its own cryptocurrency has also weighed on sentiment. “That was a kick in the stomach to the overall crypto ecosystem.”Technical signals paint a mixed picture for Bitcoin: The token’s Relative Strength Index -- which identifies general price trends -- shows it’s in oversold territory and suggests the price could rise if it stays above its 200-day moving average line. But a breach below it could drive it down to the $6,500 level.Bitcoin was down for a third straight day on Thursday to trade around $7,478 as of 10:05 a.m. in New York.Despite Bitcoin’s recent volatility, Novogratz said his company plans to soon launch a Bitcoin fund that would price and provide custody for the cryptocurrency. It would allow users to invest in Bitcoin without having to set up accounts elsewhere, he said in the interview.\--With assistance from Kenneth Sexton (Global Data).To contact the reporter on this story: Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Galaxy Digital Capital Management: September 2019 Month End AUM
    CNW Group

    Galaxy Digital Capital Management: September 2019 Month End AUM

    NEW YORK , Oct. 10, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt : 7LX) announced that its affiliate, Galaxy Digital Capital Management LP ("GDCM") reported preliminary assets ...

  • Galaxy Digital Holdings Ltd. (CVE:GLXY) Insiders Increased Their Holdings
    Simply Wall St.

    Galaxy Digital Holdings Ltd. (CVE:GLXY) Insiders Increased Their Holdings

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

  • Galaxy Digital Announces Appointment of New CFO
    CNW Group

    Galaxy Digital Announces Appointment of New CFO

    Frankfurt: 7LX) ("Galaxy Digital" or the "Company") announced that it has appointed Ashwin Prithipaul as its new Chief Financial Officer, effective today. Mr. Prithipaul is taking over the role from Donna Milia, who is assuming the role of senior advisor at the Company. Prior to his appointment as CFO, Prithipaul has been the Chief Accounting Officer at Galaxy Digital since August 2018.

  • Galaxy Digital Capital Management: August 2019 Month End AUM
    CNW Group

    Galaxy Digital Capital Management: August 2019 Month End AUM

    All figures are in U.S. Dollars unless otherwise noted. NEW YORK , Sept. 13, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) announced that its affiliate, Galaxy Digital Capital ...

  • Thomson Reuters StreetEvents

    Edited Transcript of GLXY.V earnings conference call or presentation 28-Aug-19 1:00pm GMT

    Q2 2019 Galaxy Digital Holdings Ltd Earnings Call

  • Novogratz’s Galaxy Digital Plans Push Into Crypto Underwriting
    Bloomberg

    Novogratz’s Galaxy Digital Plans Push Into Crypto Underwriting

    (Bloomberg) -- Michael Novogratz is a step closer toward his vision of making Galaxy Digital Holdings Ltd. the Goldman Sachs of cryptocurrencies.The former macro manager’s self-styled merchant bank noted its approval from the Financial Industry Regulatory Authority to underwrite registered public offerings of securities in a filing last week. The New York-based firm is also looking at shepherding security token offerings -- effectively, digitized IPOs.“It’s a really young industry, and we are a pretty young business,” Novogratz said in a phone interview. “We are sober and patient about how fast it will grow, and we are well capitalized. This feels like a perfect addition.”Galaxy already invests in start-ups and coins, and helps companies secure funding for everything from early- to later-stage rounds. Galaxy managed $390 million in assets as of July 31.Novogratz, 54, is a former Goldman Sachs Group Inc. partner who spent more than a decade at the New York-based bank. He later became a principal at Fortress Investment Group LLC and managed the Fortress Macro Fund before it was liquidated in 2015. He launched Galaxy in January 2018 during the height of the crypto bubble.The company’s advisory business is headed by Ian Taylor, who worked at Goldman Sachs for 18 years before joining Galaxy in December. The Australia native is now leading a team of eight -- up from three employees in December -- with backgrounds in investment banking, consulting and structured finance.Business could take several years to ramp up, but there are plenty of hopeful signs that IPO demand could be coming: A number of crypto exchanges like Coinbase Inc. have raised money at valuations in the billions, and companies like mining hardware giant Bitmain Technologies Ltd. are already planning IPOs. Many major exchanges, mining and chip businesses are generating real revenue and profits.“The business that we are building on the advisory side is a long-term, relationship-based business,” Taylor said. “In time that will pay dividends as financing and strategic advisory opportunities arise.”Galaxy is already working on finding financing for a Bitcoin mining data center to be located in the U.S., for example, Taylor said.Mergers-and-acquisitions advising could be poised to take off as well. Traditional companies like card network Mastercard Inc. and PayPal Holdings Inc. have joined the Libra Association, a Facebook Inc.-led effort to issue a new digital coin for payments -- and such companies may look to acquire crypto businesses at some point as well. Due to political and regulatory scrutiny, Novogratz pegs Libra’s chances of launching next year at 50%.“Ultimately, we want to be a big part of the crypto ecosystem, and if they are there we want to be a big part of that,” Novogratz said, adding that he is also investing in and advising alternative platforms that would allow for Libra-like coins.Eventually, Galaxy also wants to issue tokens that could connect to or represent ownership of many valuable objects and revenue streams, Novogratz said.“The key here is regulators have been a little slower than we want them to be, but I think they are heading in the right direction,” Novogratz said. “There are a lot of interesting projects, but nothing has happened yet on the ’tokenization of everything’ front.”While some traditional investment banks could join the fray by that time, Novogratz hopes to enjoy a first-mover advantage -- and an advantage of someone focused on crypto from day one.“The traditional banks don’t have the DNA that they really need to understand the crypto community yet,” Novogratz said. “Our edge over time is that we are going to see more projects and get an understanding of what works and what doesn’t.”\--With assistance from Ben Bain.To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Fewer People Are Sending Bitcoin to Largest Crypto Exchanges
    Bloomberg

    Fewer People Are Sending Bitcoin to Largest Crypto Exchanges

    (Bloomberg) -- The notion that more people are trading cryptocurrencies? Well, it just may be wrong.Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst. After peaking in 2017, the number of unique addresses sending the world’s most-popular cryptocurrency to exchanges such as Binance and Bitfinex has been declining, it found.The number of addresses sending the token to the Bitfinex trading platform is at a two-year low, while the amount on Malta-based Binance -- the world’s largest crypto exchange by volume -- dropped to early 2018 levels, according to TokenAnalyst.That signals a “lack of retail interest in general currently in crypto,” said Sid Shekhar, co-founder of London-based TokenAnalyst. “If we go by the ‘Bitcoin as safe haven in times of recession’ narrative, the number of new users/buyers should actually be increasing.”Other data point in the same direction. Bitcoin exchange trade volume in U.S. dollars is at its lowest point since May, and has been trending down since peaking in 2017, according to Blockchain.com. Web traffic to Binance and Hong Kong-based Bitfinex is at a four-month low, according to tracker SimilarWeb.That said, crypto user data is difficult to monitor due to the anonymous nature of the ownership of the assets. Bitcoin on-chain transaction activity has nearly quadrupled this year, peaking in July following a price rally ended in June, according to tracking service Chainalysis.Faced with fewer active traders, exchanges -- which make the bulk of their money off of transaction fees -- are increasingly catering to power users. Only about 11% of all crypto holders were sending coins to someone -- as a trade or a payment -- once or twice a week last year, according to a Foundation of Interwallet Operability survey of more than 200 users released in February.To increase user loyalty and the amount of fees they can charge, a number of exchanges, such as Binance and Bitfinex, have rolled out or expanded availability of margin trading, letting users borrow funds to speculate. Binance began user testing its futures products this month, after allowing traders to lend out their funds to others in August.“The more products you offer, the more sticky your client,” said Jeff Dorman, chief investment officer at Arca, a Los Angeles-based asset manager that invests in cryptocurrencies. “All consumers prefer a ‘one-stop shop.’”Binance and Bitfinex officials didn’t immediately return requests for comment.The user growth crunch is also seen pushing some of the 200-plus crypto exchanges toward consolidation.“The whole exchange landscape is very much fragmented,” Ian Taylor, head of advisory services at Galaxy Digital Holdings Ltd., said in a phone interview. “There’s been a lot of exchange platforms launched in the last 6-12 months, all offering slightly varying sets of services. What I’d expect to see over time is some sort of consolidation to bolster user growth.”To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Galaxy Digital Announces Notice to TSXV for its Share Repurchase Program
    CNW Group

    Galaxy Digital Announces Notice to TSXV for its Share Repurchase Program

    /NOT FOR DISSEMINATION IN THE U.S. OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/ NEW YORK , Sep. 3, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt : 7LX) ("Galaxy Digital" ...

  • Galaxy Digital Makes Available Second Quarter 2019 Shareholder Update Conference Call Audio Recording and Transcript
    CNW Group

    Galaxy Digital Makes Available Second Quarter 2019 Shareholder Update Conference Call Audio Recording and Transcript

    NEW YORK , Aug. 28, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt : 7LX) ("Galaxy Digital" or the "Company") today completed its Second Quarter 2019 Shareholder Update ...

  • Galaxy Digital Announces Second Quarter 2019 Financial Results and Provides Corporate Updates
    CNW Group

    Galaxy Digital Announces Second Quarter 2019 Financial Results and Provides Corporate Updates

    NEW YORK , Aug. 28, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt : 7LX) ("Galaxy Digital", "GDH Ltd.", or the "Company") today released both Galaxy Digital ...

  • Galaxy Digital to Host a Shareholder Update Conference Call on Wednesday, August 28, 2019 at 9:00AM EDT
    CNW Group

    Galaxy Digital to Host a Shareholder Update Conference Call on Wednesday, August 28, 2019 at 9:00AM EDT

    NEW YORK , Aug. 21, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt : 7LX) ("Galaxy Digital" or the "Company") is pleased to announce that it will report second quarter ...

  • CNW Group

    Galaxy Digital Capital Management: July 2019 Month End AUM

    NEW YORK , Aug. 12, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) announced that its affiliate, Galaxy Digital Capital Management LP ("GDCM") reported preliminary assets ...

  • Galaxy Digital Announces Approval of License to Underwrite Registered Public Offerings of Securities
    CNW Group

    Galaxy Digital Announces Approval of License to Underwrite Registered Public Offerings of Securities

    Frankfurt: 7LX) ("Galaxy Digital" or the "Company") announced that FINRA has granted the business expansion of its broker dealer, Galaxy Digital Advisors LLC. The approval permits Galaxy Digital Advisors to act as an underwriter to registered public offerings of equity, debt or other corporate securities in the United States. With this approval, we now have the ability to finance digital asset and blockchain technology companies through their entire life cycle – from founding, through private capital raisings, to their initial public offering and beyond." said Ian Taylor, Head of Advisory Services for Galaxy Digital.

  • Galaxy Digital Capital Management: June 2019 Month End AUM
    CNW Group

    Galaxy Digital Capital Management: June 2019 Month End AUM

    NEW YORK , July 10, 2019 /CNW/ - Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) announced that its affiliate, Galaxy Digital Capital Management LP ("GDCM"), reported preliminary assets ...

  • CNW Group

    Michael Novogratz Acquires Ordinary Shares of Galaxy Digital Holdings Ltd.

    Frankfurt: 7LX) ("Galaxy Digital" or the "Company"), today reported that he acquired 2,591,100 ordinary shares (the "Shares") of the Company for total proceeds of C$6,218,640. The Shares represented approximately 0.92% of the issued and outstanding ordinary shares of the Company as of June 25, 2019 (the "Ordinary Shares") (assuming conversion of the GDH B Units (defined below) held by Mr. Novogratz).

  • CNW Group

    Galaxy Digital Announces Results from Annual and Special Meeting of Shareholders and Provides Corporate Updates

    Frankfurt: 7LX) ("Galaxy Digital" or the "Company") is pleased to announce the results of votes on matters considered at its Annual General and Special Meeting of Shareholders (the "Meeting") which took place on June 24, 2019 in Toronto, Ontario, Canada and other corporate updates. All six members of the Company's Board of Directors named as nominees in its management information circular (the "Circular") were elected as directors: Michael Novogratz, Bill Koutsouras, Nereida Flannery, Theagenis Iliadis, Jack Lee and Pierre Lagrange.