Streetbeat News

BRPHF

Galaxy Digital Holdings Ltd.

https://www.galaxydigital.io

CEO

Michael Novogratz

Industry

Securities and Commodity Exchanges

Open

18.78

Mkt cap

6.6B

Volume

31K

High

20.22

P/E Ratio

5.93

52-wk high

20.59

Low

18.39

Div yield

N/A

52-wk low

5.29

Galaxy Digital Holdings Ltd. (BRPHF) held its Q3 2024 earnings call, discussing financial results and company performance. Key participants included CEO Mike Novogratz and other executives.

Portfolio Pulse from

November 07, 2024 | 9:00 pm

Galaxy Digital has raised $113 million for its Galaxy Ventures Fund I LP, focusing on early-stage crypto startups. This marks a strategic shift for the company, which traditionally invested its own capital. The fund aims to build a diverse portfolio and has already invested in projects like Ethena, Monad, and Plume. Galaxy's move to open its venture arm to outside investors reflects a growing trend in the crypto industry.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 6:13 pm

Mike Novogratz, CEO of Galaxy Digital, expressed optimism about future positive cryptocurrency legislation in the U.S., regardless of the election outcome. He emphasized the need for bipartisan support and noted a shift in attitudes towards crypto regulation. Novogratz also discussed Bitcoin's market position and the impact of government spending on its relevance.

Portfolio Pulse from Murtuza Merchant

July 03, 2024 | 3:36 pm

A new research report highlights the growing mainstream adoption of digital assets, driven by regulatory advancements and strategic industry moves. Key players like Galaxy Digital Holdings and Core Scientific are well-positioned to benefit from this trend.

Portfolio Pulse from Murtuza Merchant

June 10, 2024 | 3:20 pm

Canaccord Genuity reaffirms its 'Buy' rating for Galaxy Digital Holdings (OTC:BRPHF) with a CA$17.00 price target, following a strong Q1 2024 performance. Galaxy Digital reported a 40% increase in net income, significant growth in trading and asset management segments, and expansion in its mining infrastructure.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 11:13 am

Peter Schiff, a known crypto skeptic, questioned the bullish $100K Bitcoin prediction, highlighting the bearish trends in crypto-linked stocks like Coinbase, Galaxy Digital, MicroStrategy, Valkyrie Bitcoin Miners ETF, Marathon Digital, Bitfarms, and HIVE Digital. Despite Bitcoin's recovery attempts, these stocks have seen significant declines from their recent highs. Schiff contrasts this with the broader market's pullback and the rise in traditional safe havens like gold, suggesting investors might reconsider their crypto investments.

Portfolio Pulse from Shanthi Rexaline

April 16, 2024 | 10:05 am

Galaxy Digital CEO Mike Novogratz predicts Bitcoin's price floor at $50,000, attributing this to the inflows into U.S. spot Bitcoin ETFs. He suggests Bitcoin could reach $100,000 and highlights the market shift following spot ETF approvals. Novogratz also notes the recent Ethereum rally, anticipating U.S. approval for spot Ethereum ETFs.

Portfolio Pulse from Murtuza Merchant

March 13, 2024 | 11:18 pm

MicroStrategy Inc. (NASDAQ:MSTR) is considered overvalued by 26% according to 10x Research's Markus Thielen, who suggests it's time to take profit based on a regression model linking MSTR stock to Bitcoin prices. Thielen predicts Bitcoin to reach $45,000 by Christmas. Other crypto-related stocks like HIVE Digital Technologies Ltd (NASDAQ:HIVE), HUT 8 Corp (NASDAQ:HUT), and Galaxy Digital Holdings Ltd (OTC:BRPHF) also saw significant year-to-date surges. MicroStrategy recently increased its Bitcoin holdings, now owning 189,150 Bitcoin worth $5.9 billion. Max Keiser hinted at a potential $5 billion mixed debt & equity shelf offering by MicroStrategy, possibly to buy more Bitcoin.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 5:46 pm

Deutsche Bank's DWS Group, Flow Traders Ltd., and Galaxy Digital Holdings plan to launch a euro-backed stablecoin, AllUnity, pending regulatory approval from BaFin. The stablecoin aims for mainstream adoption of tokenized assets and is expected to launch in Q1 2024. The partnership combines expertise from traditional and crypto markets, and the stablecoin will be fully collateralized to maintain its value. The move aligns with the EU's improved regulatory clarity in the digital assets space.

Portfolio Pulse from Khyathi Dalal

December 13, 2023 | 4:26 pm

Mike Novogratz, CEO of Galaxy Digital, has revised his opinion on Ripple, acknowledging its growth and the dedication of the 'XRP army.' He remains skeptical about Bitcoin's use as a common currency for everyday transactions, citing its lack of widespread adoption for purchases. Novogratz also commented on U.S. fiscal policies and their potential long-term consequences. He expressed doubts about the success of an Ethereum ETF, suggesting that its performance may depend on the inclusion of staking rewards.

Portfolio Pulse from Murtuza Merchant

December 13, 2023 | 2:27 pm

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