Galaxy Digital Hits Nasdaq as Crypto Scene Sees New Moves
Galaxy Digital (GLXY) made its Nasdaq debut today, marking a significant step for the Toronto-based crypto financial services firm led by Mike Novogratz. Despite the excitement around the listing, the broader crypto community was abuzz with other notable news.
Fast food chain Steak n’ Shake gained attention by rolling out Bitcoin payments via the Lightning Network. Videos circulating on Crypto X — formerly known as Crypto Twitter — showed customers using self-service kiosks to pay in Bitcoin through QR codes scanned in apps like Zeus.
In another development, Hong Kong’s luxury watch wholesaler Top Win International (TOPW) announced it will rebrand to AsiaStrategy and begin managing its treasury with digital assets. This move mirrors the strategy of Michael Saylor’s company Strategy (MSTR), which holds a substantial Bitcoin reserve of over 568,000 BTC. Top Win is partnering with crypto-focused venture capital firm Sora to lead this transition. Following the announcement, TOPW shares initially surged 45% but later dropped 31% to $5.14.
Sora has a history of supporting companies like Tokyo-based Metaplanet (3350), which also adopted a crypto treasury approach.
Meanwhile, Galaxy’s CEO Mike Novogratz celebrated the Nasdaq listing by ringing the opening bell, calling the event a “pivotal moment” for the company. Galaxy plans to maintain its Toronto Stock Exchange (TSX) listing for some time after the Nasdaq launch.
Galaxy Digital’s shares opened at approximately $22.61 on Nasdaq, up 3.2%, while TSX shares closed nearly 3% higher at C$31.48 ($22.53).
