Streetbeat News

BRPHF

Galaxy Digital Holdings Ltd.

https://www.galaxydigital.io

CEO

Michael Novogratz

Industry

Securities and Commodity Exchanges

Open

12.65

Mkt cap

4.2B

Volume

12K

High

12.65

P/E Ratio

3.71

52-wk high

24.42

Low

11.96

Div yield

N/A

52-wk low

6.89

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

The weekend news featured significant developments in the tech and finance sectors. Elon Musk and Bill Gates were named as potential buyers for Trump's Mar-a-Lago, with a price tag of up to $1 billion. Galaxy Digital CEO Mike Novogratz expressed a bullish outlook on Bitcoin, anticipating a price surge due to various factors including a potential spot Bitcoin ETF approval. Bill Ackman revealed a $10M investment in Elon Musk's private company, X. A Swedish strike could impact Tesla's labor relations, and Tesla warned that the EV tax credit for two Model 3 versions will drop to $3,750 next year.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 10:15 am

Galaxy Digital Holdings CEO Mike Novogratz is bullish on Bitcoin, citing potential catalysts like the approval of a spot Bitcoin ETF, the Federal Reserve's rate actions, and the upcoming Bitcoin halving event. He suggests these factors could drive Bitcoin prices to revisit old highs by next year. Bitcoin has seen a significant price increase recently, outperforming the S&P 500 and NASDAQ indices.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 11:00 am

Michael Novogratz, CEO of Galaxy Digital Holdings Ltd. (OTC:BRPHF), is optimistic about Bitcoin (CRYPTO: BTC) reaching its all-time highs within the next year, driven by the potential SEC approval of the first American Bitcoin ETF. Bitcoin's resilience is noted despite past volatility, and the approval could lead to a significant capital influx into the ETF market. Novogratz also sees the upcoming election year as a potential boost for digital assets.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 6:05 pm

ByteTree data shows Bitcoin ETF token holdings at their highest since April 2022, with 22,100 Bitcoins added in the past month. CoinShares reports $767 million in net inflows over six weeks, the highest since 2021, with total inflows exceeding $1 billion this year. Ethereum outflows narrowed by $30 million. Galaxy Digital's Mike Novogratz predicts 2024 as the year of institutional adoption of cryptocurrencies, led by Bitcoin spot ETFs. The Benzinga's Future of Digital Assets conference will discuss the positive investment trends in digital assets.

Portfolio Pulse from Khyathi Dalal

November 10, 2023 | 9:46 pm

Galaxy Digital Holdings Ltd. CEO, Michael Novogratz, predicts the approval of spot Bitcoin-exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) in 2023. This follows a legal victory by Grayscale Investments LLC, which won an appeal to transform its Bitcoin trust into an ETF. Galaxy is partnering with Invesco to apply for an ETF.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 7:58 pm

Anthony Scaramucci, founder of SkyBridge Capital, believes Bitcoin could reach $150K to $250K with the launch of Bitcoin ETFs. He has invested hundreds of millions in the cryptocurrency space, including Bitcoin holdings on SkyBridge and his personal balance sheet. Scaramucci also partnered with FirstTrust to launch the FirstTrust SkyBridge Crypto Industry and Digital Economy ETF (NYSE:CRPT) in 2021. The ETF includes companies linked to digital assets, such as MicroStrategy Inc (NYSE:MSTR), Coinbase Global (NASDAQ:COIN), Riot Platforms (NASDAQ:RIOT), Marathon Digital Holdings (NASDAQ:MARA), and Galaxy Digital Holdings (OTC:BRPHF).

Portfolio Pulse from Chris Katje

October 12, 2023 | 8:25 pm

The U.S. Bankruptcy Court has granted permission to crypto exchange FTX to liquidate its cryptocurrency assets, valued at over $3.4 billion, to settle debts with creditors. FTX can now sell, stake and hedge its cryptocurrency assets. The exchange has also expressed interest in bringing on board Mike Novogratz from Galaxy Digital as an advisor. FTX disclosed its possession of $1.16 billion in Solana and an estimated $560 million in Bitcoin.

Portfolio Pulse from Murtuza Merchant

September 13, 2023 | 7:29 pm

Galaxy Digital Holdings CEO, Mike Novogratz, predicts that the approval of Bitcoin ETFs by the SEC is imminent, possibly within the next 4-6 months. He cites insights from BlackRock and Invesco, and highlights recent developments such as BlackRock's filing for an ETF and the positive stance of its CEO towards Bitcoin. Novogratz also mentions the potential of AI and the resilience of the crypto community. He notes the importance of stablecoins and their potential to disrupt traditional banking systems, citing PayPal's recent move to issue a stablecoin.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 7:00 pm

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