This Crypto Stock Fell 40% in Weeks but One Investor Has Revealed a New $4.7 Million Bet

The move looks less like a clean call on timing and more like a long-term wager on platform value surviving short-term chaos.

On November 13, Montreal-based Formula Growth disclosed a new position in Galaxy Digital (GLXY +6.62%), acquiring 139,195 shares valued at approximately $4.71 million.

What Happened

According to a Securities and Exchange Commission (SEC) filing dated November 13, Formula Growth established a new position in Galaxy Digital (GLXY +6.62%), purchasing 139,195 shares. The stake is valued at approximately $4.71 million at the end of the reporting period. The new holding represents approximately 1.67% of the fund’s approximately $281.08 million in reportable U.S. equity assets.

What Else to Know

Top five holdings after the…

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