Galaxy heading to Nasdaq this year once the Bitgo deal Galaxy heading to Nasdaq this year once the Bitgo deal gets renegotiated, finalized.. done deal.
The Bitgo deal are supposed to be a done deal by end of last year.. it got pushed further into the 1st qtr of 2022.
There's no more guessing game anymore, Bitgo will be a done deal either 2nd qtr of 2022 or before end of the year. If the deal does not take place before end of the year, Galaxy have to pay bitgo $100m. Another way of putting it, Novogratz will get it done this year .. Is it this qtr in April ? or next qrtr in June ? .. only Mike Novogratz knows the exact date
If i'm going to take a estimated guess .. going to be around April - June 2022
This Bitgo news going to be very big when it hits the street , galaxy stock price will spike up dramatically and u will see a buying frenzy afterward.
What is the PROS and CONS of buying GLXY now ??
The PROS .. the stock price is definitely undervalued, if you add all their assets like Bitcoin, Ethereum, terra, and many many more, plus over $550 million in cash, plus all their funds and partnership investments ...... ........... and of course, the buyout of bitgo
Galaxy total assets already far exceeded the current stock price of $16.76
Which means limited downside
You buying Bitcoin near the bottom right now, u have limited downside and unlimited huge upside .. Bitcoin also plays a big part of Galaxy. ( remember Bitcoin Mid-Halving )
Give it a little time, and u will see what i'm talking about ..
Waiting for the Breaking News of BITGO final finalization which will lead Galaxy straight to the nasdaq exchange in a very short period of time... i estimate April-June 2022, Bitgo is a done deal
CONS
As long as we have no WW3 .. everything will be fine in the long run