Galaxy Digital Stock Price, News & Analysis

Forward Industries (NASDAQ:FORD) has successfully closed a significant $1.65 billion private investment in public equity (PIPE) financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The company plans to use the proceeds primarily to purchase SOL, Solana's native digital asset, and establish cryptocurrency treasury operations.

The PIPE received substantial support from major investment firms and digital asset ecosystem leaders, with the lead investors collectively subscribing for over $300 million. As part of this strategic shift, Kyle Samani from Multicoin Capital has been appointed as Board Chairman, while representatives from Galaxy and Jump Crypto will serve as Board observers.

The investment capitalizes on Solana's growth, which processed 8.9 billion transactions in Q2 2025 with approximately $4 billion daily decentralized exchange trading volume and generated $1.2B in real economic value year to date.

GK8 by Galaxy (TSX:GLXY) has been selected as the custody technology provider for BDACS, Korea's leading regulated institutional digital asset custodian. The partnership leverages GK8's Impenetrable Custody architecture, which includes the Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and Policy-Engine technologies.

The collaboration will enable BDACS to offer secure, compliant, and scalable custody services to Korean institutions, while also providing access to institutional staking through Galaxy's validator infrastructure and tokenization capabilities through GK8's Tokenization Wizard. This partnership expands Galaxy's presence in Korea, where it's developing institutional services including custody, staking, lending, and risk management, along with ETF infrastructure.

Forward Industries (NASDAQ: FORD) has secured $1.65 billion in cash and stablecoin commitments for a private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital to launch a Solana-focused digital asset treasury strategy. This represents the largest Solana-focused digital asset treasury company raise to date.

As part of this strategic transformation, Kyle Samani, Managing Partner of Multicoin Capital, will become Chairman of the Board upon closing. Additionally, Chris Ferraro from Galaxy and Saurabh Sharma from Jump Crypto will join as Board observers. The company has selected Cantor Fitzgerald & Co. as lead placement agent and Galaxy Investment Banking as co-placement agent and financial advisor.

Galaxy Digital (Nasdaq: GLXY) has partnered with Superstate to become the first public company to tokenize its SEC-registered equity directly on a major blockchain. Through Superstate's Opening Bell platform, stockholders can now tokenize their GLXY shares on the Solana blockchain, with shares maintaining full legal equivalence to traditional equity while gaining 24/7 market potential and near-instant settlement.

Unlike other tokenized stock offerings that use wrapper or synthetic models, these tokens represent actual Galaxy Digital Class A Common Stock with all associated rights. Superstate, serving as the SEC-registered transfer agent, records legal ownership onchain in real-time. The official Contract Address on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK.

Commonwealth Fusion Systems (CFS) has secured an $863 million Series B2 funding round, marking the largest capital raise among deep tech and energy companies since their own $1.8 billion Series B round in 2021. The company has now raised nearly $3 billion in total, representing one-third of all private fusion industry investments worldwide.

The oversubscribed round attracted diverse international investors, including Counterpoint Global (Morgan Stanley), Google, Galaxy Interactive (NASDAQ: GLXY), and notable individual investors like Stanley Druckenmiller. The funds will support the completion of SPARC, their fusion demonstration machine, and advance development of ARC, their first commercial power plant in Virginia, targeted for early 2030s operation.

Strategic partnerships include Dominion Energy and Google, with Google committing to purchase half of the ARC plant's power output. A significant Japanese consortium of 12 companies led by Mitsui & Co. and Mitsubishi Corporation also joined the round.

CI Global Asset Management (GLXY) has announced significant enhancements to its digital asset investment funds lineup. Key developments include the launch of CI Galaxy Core Multi-Crypto ETF (CCCX), which provides exposure to bitcoin, Ethereum, and Solana, and the introduction of CI Solana Fund for mutual fund investors.

The company is implementing Canadian dollar hedged series across its digital asset funds and introducing a staking strategy for CI Galaxy Ethereum ETF (ETHX), with up to 50% of ETH holdings allocated to staking. The staking arrangement, approved by unitholders, will distribute rewards with 75% accruing to the ETF and up to 25% to CI GAM as a service fee.

Additionally, CI GAM has renamed three ETFs (CHNA.B, ONEB, and ONEQ) while maintaining their existing TSX tickers.

Galaxy Digital (NASDAQ:GLXY) has secured a landmark $1.4 billion project financing facility to accelerate the development of its Helios AI datacenter campus in West Texas. The company has provided $350 million in equity, with the debt facility covering remaining construction costs at an 80% loan-to-cost ratio.

CoreWeave has expanded its commitment by executing a second-phase lease agreement for an additional 260 MW of critical IT load, plus exercising an option for 133 MW, bringing their total commitment to the full 800 MW of approved power capacity. Galaxy projects average annual revenue exceeding $1 billion over the 15-year lease term.

The Helios campus has potential to scale to 3.5 GW power capacity, with 2.7 GW currently under load study. Initial power delivery to CoreWeave is scheduled for early 2026.

Soluna Holdings (NASDAQ: SLNH) has announced a significant expansion of its partnership with Galaxy Digital (NASDAQ/TSX: GLXY) for Bitcoin mining operations. The expanded agreement involves a 48 MW deployment at Project Kati 1 in Texas, bringing the project's total capacity to 83 MW.

Galaxy will relocate its Bitcoin mining operations from their Helios datacenter to Soluna's facility, marking Soluna's largest single-partner deployment to date. The project, which has secured tax abatement approvals, is set to begin construction in August 2025 and is expected to be operational in Q1 2026. This expansion builds upon an existing $5 million loan facility established between the companies in Q1 2025.

Once fully deployed, this expansion will increase Soluna's total operating capacity to 206 MW, reinforcing its position in providing renewable-powered infrastructure for intensive computing applications.

Galaxy Digital (NASDAQ:GLXY) has appointed Matt Friedrich as Chief Legal Officer, effective September 8, 2025. Friedrich, who previously held senior legal positions at Cognizant and Chevron, will oversee Galaxy's global legal and compliance matters, reporting directly to CEO Mike Novogratz.

Friedrich brings extensive experience from both public and private sectors, including 13 years at the U.S. Department of Justice where he served as Acting Assistant Attorney General of the Criminal Division. He succeeds Andrew Siegel, who has served as Galaxy's General Counsel since 2017 and played a crucial role in the company's recent Nasdaq listing.