Galaxy Digital Stock Price, News & Analysis

Galaxy (NASDAQ: GLXY) closed its debut tokenized CLO, Galaxy CLO 2025-1, with an approximately $50 million anchor allocation from Grove and $75 million financed to date. The CLO is tokenized on the Avalanche blockchain, issued by INX with expected listing on INX's ATS, carries a senior coupon of SOFR +570 bps, and has an initial maturity of December 2026. The vehicle may scale up to a $200 million limit and will support Galaxy's lending to Arch Lending with monthly distributions.

Architect Financial Technologies (COIN) completed a $35 million Series A strategic financing on December 23, 2025 to scale AX, the company’s centralized exchange for perpetual futures on traditional asset classes.

AX launched last month and is operated by Architect Bermuda Ltd. under the Bermuda Monetary Authority regulatory regime. The round was anchored by Miami International Holdings (MIAX) and Tioga Capital, with participation from Galaxy Ventures (GLXY), ARK Invest, VanEck, Trumid, Geneva Trading and renewed backing from Coinbase Ventures (COIN) plus other prior investors. Architect completed prior rounds of $5M pre-seed (2023) and $12M seed (2024).

Last Energy (GLXY) closed an oversubscribed Series C of more than $100 million led by Astera Institute with participation from JAM Fund, Gigafund, The Haskell Company, AE Ventures, Ultranative, Galaxy Interactive, and Woori Technology.

The financing is intended to fully capitalize the company through its DOE pilot project, complete the PWR-5 pilot reactor, advance PWR-20 commercialization, expand Texas manufacturing capacity, and support an anticipated 2026 criticality demonstration under an OTA and lease at Texas A&M–RELLIS. Last Energy is also advancing a UK pathway with a completed Preliminary Design Review and a regulator-confirmed route toward a potential 2027 site license decision.

Invesco (NYSE: IVZ) and Galaxy launched the Invesco Galaxy Solana ETP (QSOL) on Dec 15, 2025, providing regulated, spot-based exposure to Solana (SOL).

QSOL tracks the Lukka Prime Solana Reference Rate, uses Coinbase Custody for institutional storage, and will stake SOL via Galaxy Digital Infrastructure to potentially generate staking rewards paid as income to the trust. QSOL is structured as a grantor trust with cash and in-kind creations/redemptions and will list on the Cboe BZX Exchange.

State Street Investment Management (NYSE:STT) and Galaxy announced the planned launch of the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private liquidity fund designed to enable 24/7 onchain liquidity using PYUSD stablecoins for subscriptions and redemptions, subject to availability from the fund's portfolio.

Ondo Finance is anticipated to seed SWEEP with approximately $200 million. The fund is expected to debut on the Solana blockchain in early 2026, with additional integrations planned for Stellar and Ethereum and Chainlink used for cross-chain interoperability. SWEEP will be available to Qualified Purchasers, State Street Bank and Trust Company will serve as custodian, and Galaxy will provide tokenization and digital infrastructure.

Galaxy (NASDAQ: GLXY) acquired Alluvial Finance and is now the Development Company for Liquid Collective, taking responsibility for developing and maintaining the enterprise-grade liquid staking protocol.

Liquid Collective has tripled assets on platform in 2025 to approximately $1 billion. Galaxy said it is onboarding Alluvial's engineering team, a customizable Staking Management System, and developer tools to expand institutional staking infrastructure and integrations for exchanges, custodians, and asset managers.

Galaxy reported approximately $6.6 billion in assets under stake as of Sept. 30, 2025. Liquid Collective will remain operationally independent under The Liquid Foundation with plans to broaden institutional governance.

Galaxy announced integration with Coinbase Prime (NASDAQ: COIN) on October 29, 2025, enabling Coinbase Prime clients to access Galaxy's high-performance staking infrastructure paired with Coinbase custody.

The collaboration targets institutional use cases—ETFs, ETPs and large allocators—by combining Galaxy's globally distributed validator network and ~$6.6 billion assets under stake (as of September 30, 2025). This marks Galaxy's fourth custodial integration in 2025, following Fireblocks, Zodia Custody and BitGo, and complements Galaxy's trading, lending, liquidity and GK8 self-custody offerings.

Galaxy Digital (NASDAQ: GLXY) priced an upsized private offering of $1.15 billion aggregate principal amount of 0.50% exchangeable senior notes due 2031, up from $1.0 billion, with an initial purchaser option for an additional $150.0 million. Estimated net proceeds are $1,127.0 million (or $1,274.0 million if the option is exercised). Interest is 0.50% paid semi‑annually; maturity is May 1, 2031.

Notes exchange at an initial rate of 17.9352 shares per $1,000 principal (initial exchange price ≈ $55.76, ~37.5% premium to the Oct 27, 2025 last sale $40.55). Sale settles Oct 30, 2025, pending TSX approval.

Galaxy Digital (NASDAQ: GLXY) announced the intention of Galaxy Digital Holdings LP to privately offer $1.0 billion aggregate principal amount of exchangeable senior notes due May 1, 2031, with an initial purchasers' option for an additional $150.0 million. Proceeds are intended to support core business growth and general corporate purposes and may be used to repay existing 2026 exchangeable notes.

The Notes will be senior unsecured, accrue semi-annual interest, be non-redeemable before Nov 6, 2028, and may be exchanged for cash, shares of Galaxy common stock, or a combination. Offering is subject to market conditions and TSX approval.