Galaxy Digital Scores Buy Rating Upgrade as Nasdaq Debut Looms—Wall Street Finally Notices Crypto’s Golden Child
Mike Novogratz’s crypto powerhouse Galaxy Digital just got a bullish nod from analysts—right as it prepares to light up the Nasdaq. Timing? Impeccable, as always.
Wall Street’s late to the party (again). While retail traders piled into Galaxy’s Bitcoin fund last year, the suits are just now realizing a regulated crypto shop might actually be worth something. The upgrade reeks of institutional FOMO—but hey, we’ll take it.
Behind the scenes: Galaxy’s been quietly building a full-service crypto empire while rivals floundered. Trading, mining, venture investing—Novogratz bet big on infrastructure when everyone else was chasing memecoins. Now? The house always wins.
One cynical footnote: Remember when analysts called crypto a ‘fraud’? Funny how a ticker symbol changes everything.
Galaxy Digital has strong growth potential, analysts state
A listing on a more prestigious exchange is a signal to investors about the prestige and trustworthiness of a company. At the same time, Galaxy Digital will benefit from the fact that it will be available on retail trading apps, including Robinhood and eToro.
What is more, the company is expected to benefit from the expected rebound in crypto assets in the second quarter of 2025. This is both due to the services it offers in the space, as well as its own crypto assets.
“We believe Galaxy’s client-facing digital asset businesses and the company’s large crypto portfolio are poised to benefit from rising prices in 2H25, as the industry benefits from greater regulatory clarity and growing institutional adoption,” H.C. Wainwright.
What is more, Galaxy Digital is expected to earn significant revenue from its AI data centers. For instance, the company has secured a contract with CoreWeave, worth approximately $13 million in revenues for the next 15 years.