Global Stock News

Mike Novogratz’s Galaxy Digital debuts on Nasdaq in bumper week for crypto

Mike Novogratz’s Galaxy Digital debuts on Nasdaq in bumper week for crypto

By Hannah Lang

(Reuters) -Galaxy Digital, founded by Mike Novogratz, made its Nasdaq debut on Friday, capping off a momentous week for cryptocurrency in public markets, with Coinbase joining the S&P 500 and retail brokerage eToro also going public.

Galaxy Digital, a crypto investment company that also specializes in artificial intelligence data center infrastructure, had been listed on the Toronto Stock Exchange, but began trading on the Nasdaq on Friday at $23.50 per share after a lengthy transition period. Shares in the company were last trading at $24.89.

“I think we’re at the beginning of the race, not the end of the race,” said Novagratz, who is Galaxy’s CEO and a prominent crypto investor, in an interview with Reuters….

Source link

Share this article

Scroll to Top