Galaxy Digital has officially joined the Nasdaq, launching its public listing under the ticker “GLX” in a move CEO and founder Mike Novogratz describes as a pivotal step in the company’s evolution.
The listing marks the culmination of years of growth for the crypto-focused firm, which is now expanding into artificial intelligence infrastructure alongside its digital asset services.
Appearing on CNBC’s Squawk Box, Novogratz shared a bold outlook for both Galaxy’s future and the broader crypto market. He drew comparisons between Bitcoin and gold, suggesting the digital asset is still in the early stages of long-term value discovery. “Bitcoin is currently a $2 trillion asset in a world where gold is worth $22 trillion,” he explained, predicting a potential climb toward $130,000–$150,000 in the next major breakout. “It’s only a matter of time.”
Galaxy, originally founded to be the “Goldman Sachs of crypto,” now operates across two core verticals: digital asset services and AI-powered infrastructure. Novogratz highlighted the firm’s Helios data center in Texas—a facility that has become central to its AI ambitions. He revealed a 15-year deal with CoreWeave, expected to generate up to $14 billion in rental income as Galaxy deepens its role in the high-performance computing sector.
The conversation also turned political, with Novogratz noting stark differences in how recent U.S. administrations have treated the crypto industry. He criticized the Biden-era regulatory environment as overly hostile, contrasting it with what he described as a more favorable stance during Donald Trump’s presidency. Still, he emphasized the importance of bipartisan collaboration on crypto legislation, noting that growing interest from the Trump family should only raise concern if tied to unlawful conduct.
Galaxy’s public listing arrives at a moment when institutional interest in crypto is rising once again, and the company appears poised to capitalize on the convergence of blockchain, finance, and artificial intelligence.
