Galaxy Digital Plans to Offer Shares on Nasdaq Global Select Market

Galaxy Digital Holdings plans to list on the Nasdaq Global Select Market next month, the firm said Wednesday in a statement, a byproduct of the pro crypto pivot of U.S. federal regulators and policymakers.

The listing, which is subject to shareholder approval, will tentatively go live on May 16, according to Galaxy Digital’s statement. The company’s Class A common stock will trade under the ticker GLXY.

In listing on the Global Select Market, Galaxy Digital aims to broaden its access to capital, increasing its visibility to U.S. investors and offering greater liquidity for shareholders, according to Galaxy CEO Mike Novogratz. 

“We believe that listing on the Nasdaq would mark a transformative milestone for Galaxy that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems,” Novogratz said Wednesday in a statement. 

Galaxy Digital’s push to list its shares on a major U.S. exchange comes as the Trump administration largely champions BigTech and the cryptocurrency industry. The Global Select Market is an exchange composed of the largest 1,200 companies by market capitalization within the Nasdaq Composite Index. 

Recently elected U.S. President Donald Trump has thrown his weight behind his promise to make the U.S. the “world capital of artificial intelligence and crypto,” issuing several pro-tech executive orders and appointing VC and AI experts to key positions in his administration. The president has also pushed for the Securities and Exchange Commission to reduce its oversight of cryptocurrency companies and has backed initiatives to accelerate AI development.  

The listing also comes nearly five years after Galaxy Digital went live on the Toronto Stock Exchange, and amid a deepening of the company’s push into AI through its partnership with cloud-computing startup CoreWeave.

Galaxy Digital shares were recently trading at $21.72, up 3% in the past 24 hours.

For some time after its listing on the Global Select Market, Galaxy will also still have shares listed on the Toronto Stock Exchange.

It is unclear how long Galaxy Digital shares will be listed on both exchanges. 

The company did not immediately return Decrypt’s request for comment on the matter.

Investors will approve or deny Galaxy Digital’s listing plan during a Special Meeting of Shareholders on May 9.

Edited by James Rubin