Movement Alert|Galaxy Digital Rises 5.07% Overnight, Strategic Investment in Digital Prime Technologies Boosts Recovery

Market Focus06-25 14:32

On June 25, Galaxy Digital rose 5.07% overnight, trading at $30.03/share, with turnover of $410,300.

On the news front, the company recently announced a strategic investment in Digital Prime Technologies aimed at deepening its institutional-grade digital asset lending business and expanding crypto-asset lending solutions for financial institutions. The move signals Galaxy Digital's continued confidence in growing institutional demand for digital asset services.

The stock had previously declined over 10% cumulatively across two trading sessions after on-chain data revealed BitMEX co-founder Arthur Hayes deposited 6,000 ETH — valued at approximately $10.14 million — into FalconX and Galaxy Digital, triggering concerns over potential selling pressure in the crypto market. As the market gradually digested this overhang, the strategic investment announcement provided a catalyst for a recovery bounce, reinforcing the company's commitment to expanding infrastructure in the rapidly growing institutional digital asset space.

(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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