Galaxy Digital Holdings Ltd T.GLXY

Seems most of the BTC assets are listed under GDAM

[GoBBs]

NEW YORK, March 16, 2021 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital") announced that its affiliate, Galaxy Digital Asset Management ("GDAM") reported preliminary assets under management of $1,051.9 million as of February 28, 2021.

GDAM owns the 2 bitcoin and eth funds ... so most BTC is held here and 4000 btc are with GLXY publicly held .... 

...thoughts ?

[politicat]

"GDAM operates under the legal entity Galaxy Digital Capital Management LP". Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital") -- when you buy GLXY you get 28.8% of the privately held GDAM.   So when they have a headline like .......  Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital") announced that its

[joecancer]

I'm confused - if I own BRPHF, do I own part of 16,000 bitcoins in their treasury, or only 4,000? 

[politicat]

about 4000 or so.  the CEO and insiders own the rest through there 200M+ class B shares that are not public but can be converted to our Class A shares. All public shares together control about 28% of Galaxy as a whole. Many publications equate GLXY Ltd ( public ) with GLXY LP ( Novogratz and friends ). It is confusing and set this way so Novogratz and Co. can avoid taxes somehow. I sold

[Derthebear]

Aum as nothing to do with their own assets .. they collect fees from aum that's it . Glxy as 16k btc and the public float owns 28% of it all . Glxy is far better then a simple btc proxy as it covers the whole space both public and private contrarly to any other stock . 

[Derthebear]

Current selling pressure comes from slate path capital ... once they done they'll look moronic and we will moon . 

[GoBBs]

Whats with the wild swings in this though ? ... makes me nervous.

[BobbyMarley24]

dropped 20% last 2 days on below average volume. Not exactly a mad rush of selling. We went up 50% in short period prior to this week so I guess warranted. But this profit taking should be just about done. Nothing has changed. Btc 55k, morgan Stanley on board and many more coming. Financials next week. Actually surprised it corrected this much..had a buy order on and got the message that not