Mike Novogratz’s Galaxy Digital Eyes U.S. Comeback with Nasdaq Listing
Galaxy Digital is preparing to list its shares on the Nasdaq, targeting a mid-May debut as it seeks shareholder approval for a corporate restructuring.
The firm, led by Mike Novogratz, plans to reorganize under Delaware jurisdiction, with a final vote set for May 9. If approved, trading could begin as early as May 16, pending Nasdaq’s confirmation.
The move is framed as a key milestone in Galaxy’s evolution, with Novogratz stating that a Nasdaq listing would help position the company at the forefront of digital asset and AI investment infrastructure. It also aligns with a broader trend: crypto firms are increasingly returning to U.S. markets amid signals of a more favorable regulatory climate.
Crypto analyst Eleanor Terrett sees Galaxy’s push as part of a larger “repatriation” of digital asset companies back to the U.S., following years of regulatory uncertainty. Firms like Bithumb, eToro, Circle, and Gemini are reportedly exploring similar IPO or listing routes through 2025.
While pursuing its public market ambitions, Galaxy has been repositioning its digital asset portfolio. On-chain data shows the company shifting out of Ethereum and into Solana, with sizable transfers occurring on Binance. Shortly after these moves, Galaxy deposited nearly 24,000 ETH to Coinbase—fueling speculation about another large selloff.
This activity follows a $200 million settlement with the New York Attorney General over its past involvement with LUNA tokens, as the firm continues to tighten regulatory compliance ahead of its planned listing.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
