On June 25, Galaxy Digital rose 5.28% in pre-market trading, trading at $30.1/share, with turnover of $62,700.
On the news front, the company recently announced a strategic investment in Digital Prime Technologies, aiming to deepen its institutional-grade digital asset lending business and expand crypto asset lending solutions for financial institutions. The move signals Galaxy Digital's continued confidence in institutional demand for digital asset services and its commitment to advancing industry infrastructure through capital and technology support.
The stock had previously come under pressure after on-chain data revealed that BitMEX co-founder Arthur Hayes deposited 6,000 ETH, valued at approximately $10.14 million, into FalconX and Galaxy Digital. Large-scale transfers of crypto assets to OTC platforms are typically interpreted as potential sell signals, triggering concerns over liquidity pressure. This drove the stock down more than 10% cumulatively over two consecutive sessions. As the market gradually digested the bearish overhang, the strategic investment announcement provided a catalyst for a recovery bounce.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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