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BTCC / BTCC Square / Global Cryptocurrency /
Galaxy Digital Closes $175M Venture Fund, GLXY Stock Rises

Galaxy Digital Closes $175M Venture Fund, GLXY Stock Rises

Author:
Global Cryptocurrency
Published:
2025-06-26 15:27:02
12
1
BTCCSquare news:

Galaxy Digital's shares gained 1.4% as the firm announced the final close of its oversubscribed Galaxy Ventures Fund I, securing $175 million for Web3 startups. The fund marks Galaxy's first external capital raise for venture investments, signaling strong institutional confidence despite broader crypto fundraising headwinds.

The capital will target stablecoins, tokenized assets, and blockchain infrastructure projects. Galaxy has already deployed $50 million since the fund's initial close in July 2024, backing over 120 startups shaping the onchain economy. The MOVE coincides with expansion of Galaxy's Helios mining facility through a $4.5 billion deal.

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