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Galaxy Digital completes migration and announces Nasdaq listing date, while also releasing first quarter financial report.
Gate.io News bot, according to The Block, crypto asset manager Galaxy Digital has completed the re-domiciliation from the Cayman Islands to Delaware. The company will be officially traded on the Nasdaq under the symbol GLXY on May 16.
The financial report shows that Galaxy Digital had a net loss of $295 million in the first quarter of 2025, with the loss attributed to a correction in the encryption market and impairment and disposal costs arising from the closure of its Helios mining business. As of the end of the first quarter, the company held $908 million in digital asset exposure, along with $1.1 billion in cash and stablecoins.