Cryptocurrency investment company Galaxy Digital intends to transfer its stake’s listing from Canada to the United States early next month. The company was founded by renowned Bitcoin advocate Mike Novogratz, who will move from the Toronto Stock Exchange to Nasdaq on May 16 without shareholder approval from shareholders at the following meeting.
Shareholders vote on US market migration
According to reports, Galaxy Digital convened a special shareholder meeting on May 9 to ensure the final approval of the changes to the listing. The company will not immediately withdraw from its Toronto market, which went public in July 2020. Instead, it will continue to trade on both exchanges during the transition phase. When the relocation occurs, the company’s goal is to do it through the stock symbol Glxy of Nasdaq stock.
Galaxy is ready to make a list on the Nasdaq and we will never be excited again. ama!
This moment not only represents an important milestone for us, but also an important milestone for the entire digital asset industry. Crypto companies in the United States have faced a challenging regulatory environment for years. That’s…
– Galaxy (@galaxyhq) April 28, 2025
Novogratz outlined the company’s key moves on April 30. He explained that the listing of the Nasdaq list will allow the company to promote its vision of building an “investor portal” to access every corner of the digital asset and AI ecosystem safely and effectively.
For Galaxy Digital’s stock performance, the expected relocation is in tough times. According to Google Finance data, the company’s shares have fallen 12% on the Toronto Stock Exchange since January 2025. The decline reflects broader market difficulties in recent months.
The Nasdaq 100 index itself is based on data on transaction data, down 7.30% at the end of the year. But April does provide some stability for the market, with the index rising by more than 1% in the month. Some investors believe that negative sentiment about the economy may be too high recently.
Other crypto stocks show recent earnings
As Galaxy Digital prepares for its listing, various crypto-centric companies already listed on Nasdaq witnessed the stock growth in April. This is due to months of doubt, partly because economic concerns about tariffs raised by U.S. President Donald Trump have caused trouble.
Inventory on the cryptocurrency exchange Coinbase (Coin) increased by 17%. Michael Saylor’s Corporate Strategy (MSTR) is better, nearly 32%. Bitcoin mining company CleanSpark (CLSK) also has a 21% gain, according to Google Finance data.
Growth shows that despite the ic-selling market across the market, there is still a strong interest in cryptocurrency stocks.
Featured images by Gemini Imagen, charts by TradingView
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
