After a four-year, $25 million regulatory journey, Galaxy Digital, an American digital asset investment firm founded by Mike Novogratz, has successfully listed on the Nasdaq Global Select Market. Trading commenced under the ticker symbol $GLXY, marking a significant milestone for crypto’s integration into traditional finance. Novogratz expressed pride and gratitude in a post on X (formerly Twitter), stating, “Proud moment. Beyond grateful to our team, investors, partners, and everyone on the journey. $GLXY.” In an interview with CNBC, he highlighted the challenges faced, noting that what was expected to be a 90-day process extended to 1,320 days with nine rounds of SEC feedback. The stock debuted at $23.50 per share and saw a 3.01% uptick, reaching $31.49 as per Google Finance, reflecting investor confidence. This listing aligns with a broader trend of crypto-focused firms entering the Nasdaq, such as Marathon Digital Holdings and Coinbase Global Inc., amid rising Bitcoin prices.
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