The company had a weak Q1 2025, suffering a loss of $295 in net income according to company investor reports.
Galaxy Digital shares began trading on the Nasdaq stock exchange May 16, completing a years-long process that CEO Mike Novogratz called unfair and infuriating, CNBC reported.
The crypto and infrastructure company, which is also listed in Canada, opened trading at $23.50 in its Nasdaq debut.
Trading began on the same day Galaxy disclosed that it is working with the US Securities and Exchange Commission (SEC) to tokenize its shares. According to Bloomberg, the tokens representing Galaxy Digital’s shares could be used in decentralized finance applications, like borrowing or lending.
