Galaxy Digital, a cryptocurrency investment firm led by CEO Mike Novogratz, is planning to list on the Nasdaq stock exchange on May 16, pending shareholder approval scheduled for May 9. This move aims to expand Galaxy Digital's investor reach amid a recent rebound in crypto stocks following macroeconomic turbulence in April. The listing is part of a broader trend of companies joining Nasdaq, with other firms such as Skycorp Solar Group Limited, Aeluma Inc., and Fatpipe Inc. recently welcomed to the exchange. Galaxy Digital's uplisting has been identified as a key catalyst for its stock, alongside notable recent gains in related stocks like BRPHF and ALMU, which have seen increases of 65% and 62% respectively over the past two weeks.
Welcoming @fatpipe_inc to the @NasdaqExchange Closing Bell. https://t.co/00K4ctmva1
IMO: The uplisting of Canadian traded $BRPHF to the US @NasdaqExchange is a huge catalyst. $BRPHF - @GalaxyDigital Holdings uplisting is scheduled for May 16 on the #NASDAQ https://t.co/nJDTx0OESn
$XMTR cute lil 13% since high conviction DD back entry on monday https://t.co/22M5jFeiGW