Berlin - Delayed Quote • EUR Galaxy Digital Holdings Ltd (7LX.BE) Follow Compare 20.96 +0.79 +(3.92%) At close: January 20 at 7:10:10 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Galaxy Asset Management: November 2024 Month End AUM Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $6.1 billion as of November 30, 2024. The 26.3% increase in preliminary AUM compared to the prior month was primarily driven by market appreciation. Tesla, crypto miners, Hims & Hers Health: Trending Tickers The Morning Brief team explores the latest stock recommendations from Wall Street analysts. Mizuho analysts have upgraded Tesla (TSLA) stock to Outperform from Neutral, citing potential policy shifts under the upcoming Trump administration. The firm suggests the repealing of EV tax credits by the incoming Trump administration could provide additional upside for the electric vehicle manufacturer. Piper Sandler has initiated coverage on several bitcoin (BTC-USD) miners and crypto firms, including MARA Holdings (MARA), Riot Platforms (RIOT), Hut 8 Mining (HUT), and Galaxy Digital (GLXY.TO) with an Overweight rating. Notably, Piper Sandler singled out MARA Holdings as the most compelling pure-play bitcoin mining stock. Additionally, Morgan Stanley initiated coverage on Hims & Hers Health (HIMS) with an Overweight rating and a $42 per share price target. The firm believes the company is strategically positioned to capitalize on growing personal medication market opportunities. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Galaxy Digital Holdings Ltd. (TSE:GLXY) most popular amongst retail investors who own 68% of the shares, institutions hold 28% Key Insights Significant control over Galaxy Digital Holdings by retail investors implies that the general public has... Why these 2 billionaire-led crypto plays stand out as buys: Analyst Why two names in crypto standout as buys. Here's how bitcoin could hit $225,000: Analyst Analyst Mark Palmer shares a few tidbits about why bitcoin is still a bullish play. Galaxy Asset Management: October 2024 Month End AUM Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $4.8 billion as of October 31, 2024. The 4.0% increase in preliminary AUM compared to the prior month was primarily driven by market appreciation and net inflows into GAM's funds. Crypto miners double down on AI hosting for more reliable cash flow The all-out search for electricity to sustain the insatiable appetite for artificial intelligence is providing a lift to another industry with considerable energy usage: crypto mining. Trump admin. will bring new 'energy' around bitcoin: Mike Novogratz As bitcoin's (BTC-USD) record rally pushes the cryptocurrency closer and closer to $100,000, the crypto community appears locked in to the burgeoning Trump trade. But while it's yet to be seen whether President-elect Donald Trump will follow through on his crypto promises, what are his recent Cabinet nominations reflecting about the regulatory future for digital assets? Galaxy Digital (GLXY.TO, BRPHF) CEO Mike Novogratz sits down with Julie Hyman and Madison Mills on Catalysts to weigh in on possible Securities and Exchange Commission (SEC) and Federal Trade Commission (FTC) nominees. "All the guys around the table like our space. They believe in the digital asset world. They believe in blockchains and bitcoin," he says regarding Trump's already-named Cabinet nominees and advisers. "And so the whole energy of this administration is going to be so different than the Elizabeth Warren, Gary Gensler era." When asked about the prospects of a strategic bitcoin reserve under a second Trump administration, Novogratz tells Yahoo Finance: "I do think buying some bitcoin to send a message that we're going to lead the world in bitcoin is a smart idea. I don't think the US dollar needs anything to back it up." Novogratz foresees bitcoin ETFs to grow further, noting options traders' participation "will increase volatility, 100%." He goes on to comment about what the expanding global economy will mean for bitcoin demand. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan. Why crypto miners are selling power for AI data centers As Big Tech companies look for power sources for their artificial intelligence (AI) data centers, they turn to crypto miners. Both crypto and AI are power-intensive, demanding a significant amount of energy. Yahoo Finance's Akiko Fujita breaks down why bitcoin (BTC-USD) miners, like Hut 8 Mining (HUT), Hive Blockchain (HIVE), Bit Digital (BTBT), and Riot (RIOT), are selling existing power to AI hyperscalers. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. Galaxy Announces Third Quarter 2024 Financial Results Galaxy Digital Holdings Ltd. (TSX: GLXY) (the "Company" or "GDH Ltd.") today released financial results for the three months and nine months ended September 30, 2024, for both itself and Galaxy Digital Holdings LP (the "Partnership" or "GDH LP"). In this press release, a reference to "Galaxy", "we", "our" and similar words refer to GDH Ltd., its subsidiaries and affiliates including GDH LP, or any one of them, as the context requires. Galaxy Asset Management: September 2024 Month End AUM Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $4.6 billion as of September 30, 2024. The 7.2% increase in preliminary AUM compared to the prior month was primarily driven by market appreciation and net inflows into GAM's active ETF strategies launched in partnership with State Street Global Advisors. The national debt, bitcoin, and the election: Mike Novogratz Julie Hyman catches up with Galaxy Digital (GLXY.TO) CEO and founder Michael Novogratz at the Future Proof Festival in Huntington Beach, California, to discuss crypto exchange-traded funds (ETFs) options and the impacts of the upcoming presidential election on the crypto market. State Street and Galaxy Digital recently introduced three crypto ETFs: the SPDR Galaxy Digital Asset Ecosystem (DECO), SPDR Galaxy Hedged Digital Asset Ecosystem (HECO), and SPDR Galaxy Transformative Tech Accelerators (TEKX). Novogratz says the ETFs are “off to a great performance in one week... Up until now, crypto has been just a long play, and now with as many equities as there are around the space, you're able to go long and short in these ETFs, use options to hedge, and not short in the ETFs, but long or short your index use options to hedge, and so it really is an alpha product.” The CEO expects the ETFs are “going to bring a lot of new participants into the into the market.” Ahead of the presidential election, Novogratz tells Yahoo Finance he expects bitcoin (BTC-USD) to go up in the long term, regardless of who is in the White House. “If you step back, Bitcoin is going higher because neither party wants to deal with the deficit, and I don't know who's going to be worse” for the deficit. The CEO says the biggest risk to bitcoin is an administration that tackles the national deficit. “If we have an administration that takes debt to GDP (Gross Domestic Product) from 130% back to 80%, or at least heading in that direction, that says we need to raise taxes and cut spending, that we need to make our people more efficient… If you have that miracle… bitcoin would go down, not up.” “Bitcoin goes up in the US and around the world because governments can't keep their pants on. They just can't stop spending money, and that's almost endemic to what governments do,” he adds. Novogratz outlines his view that government spending sends hard assets like gold (GC=F) higher: “I do think bitcoin is such a better version of gold than gold, and it's a generation of young people live in a digital world. They live on screens 15 hours a day, some kids are on screens and so it's a better version of gold.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan. Galaxy Asset Management: August 2024 Month End AUM Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $4.3 billion as of August 31, 2024. The 8.8% decrease in preliminary AUM compared to the prior month was primarily driven by market depreciation partially offset by net inflows into GAM's funds and an ongoing opportunistic mandate. Harris could pivot into a crypto 'practicalist': Mike Novogratz At the Future Proof Festival in Huntington Beach, California, Yahoo Finance anchor Julie Hyman is joined by Galaxy Digital (GLXY.TO) founder and CEO Michael Novogratz to discuss bitcoin's (BTC-USD) emergence in the 2024 US election as holders are swayed to becoming single-issue voters over early crypto policy proposals. "Being anti-crypto is like being anti-dog: it's just not smart politics. And I think the Democrats are getting there, but Trump got there first," Novogratz tells Hyman. "My role these days is to get the Democrats to have a rational, smart crypto policy... But, we know if the Republicans win, it's really going to be opening the floodgates for crypto." He comments on former President Donald Trump's newest crypto venture, World Liberty Financial, which was announced on Monday. Novogratz also finds the Biden administration's mishandling of crypto "unbelievably painful." "They were categorically un-American, unfair. We've had an SEC that literally has lost many cases in court and just persists at being very difficult to deal with for crypto," Novogratz says, believing Vice President Kamala Harris to be a "practicalist" who could just as easily pivot her policies accordingly. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan. Invesco and Galaxy to Launch the Invesco Galaxy Ethereum ETF (QETH) Galaxy Asset Management1, one of the world's largest digital assets and blockchain investment managers, in partnership with Invesco Ltd. (NYSE: IVZ), a leading global provider of exchange-traded products (ETPs), today announced the launch of the Invesco Galaxy Ethereum ETF (QETH). QETH is a spot ETP that invests directly in physical Ethereum to offer investors access to the performance of the market price of Ethereum, as measured by the Lukka Prime Ethereum Reference Rate2. QETH begins trading o Institutions along with individual investors who hold considerable shares inGalaxy Digital Holdings Ltd. (TSE:GLXY) come under pressure; lose 4.2% of holdings value Key Insights The considerable ownership by individual investors in Galaxy Digital Holdings indicates that they... Galaxy Asset Management and State Street Global Advisors Join Forces to Introduce Investors to The Next Evolution of Digital Asset Investing Galaxy Asset Management1, an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) and one of the world's largest digital assets and blockchain investment managers, and State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced they are collaborating to bring investors the next generation of digital asset based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and bitcoin. State Street Global Advisors and Galaxy Asset Management Join Forces to Introduce Investors to The Next Evolution of Digital Asset Investing BOSTON & NEW YORK, June 26, 2024--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and Galaxy Asset Management1, an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) and one of the world’s largest digital assets and blockchain investment managers, today announced they are collaborating to bring investors the next generation of digital asset based strategies that will offer exposure to companies involved in the digital asset space, going bey Galaxy Asset Management: May 2024 Month End AUM Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $6.2 billion as of May 31, 2024. The 9.8% increase in preliminary AUM compared to the prior month was primarily driven by market appreciation partially offset by the continued successful liquidation of assets associated with an ongoing opportunistic mandate. Galaxy Digital Announces Results from Annual General Meeting Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital" or the "Company") is pleased to announce the results of votes on matters considered at its Annual General Meeting of Shareholders (the "Meeting") which took place on June 18, 2024. Performance Overview Trailing total returns as of 1/20/2025, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index Return 7LX.BE S&P/TSX Composite index YTD +21.23% +2.24% 1-Year +254.41% +20.40% 3-Year +57.64% +18.70%