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The latest announcement is out from Galaxy Digital Holdings ( (TSE:GLXY) ).
Galaxy Digital Holdings Ltd. has announced a strategic integration with Zodia Custody, a digital assets platform backed by major financial institutions, to expand its staking offerings in Europe. This partnership allows institutional investors to engage in secure staking while maintaining asset custody, and enables the use of staked assets as collateral for loans, enhancing liquidity without asset liquidation. The collaboration aims to develop future exchange-traded products incorporating staking and lending, broadening access to digital asset products in Europe and meeting the growing demand for institutional-quality staking solutions.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Outperform.
Galaxy Digital Holdings is well-positioned with strong profitability, a robust balance sheet, and strategic growth initiatives in AI and digital assets. The upcoming Nasdaq listing and UK expansion are significant positives. However, revenue volatility, cash management issues, and recent crypto market challenges weigh on the score. The technical analysis indicates potential near-term volatility, and the valuation reflects both optimism and inherent risks. Overall, while the company has a solid foundation for future growth, investors should remain cautious of market volatility and regulatory challenges.
To see Spark’s full report on TSE:GLXY stock, click here.
More about Galaxy Digital Holdings
Galaxy Digital Holdings Ltd. is a global leader in digital assets and data center infrastructure, offering solutions that accelerate progress in finance and artificial intelligence. The company provides institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology. Galaxy also invests in and operates data center infrastructure to support AI and high-performance computing, with headquarters in New York City and offices across North America, Europe, the Middle East, and Asia.
Average Trading Volume: 1,205,775
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.97B
For detailed information about GLXY stock, go to TipRanks’ Stock Analysis page.