Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Galaxy Digital Holdings Ltd T.GLXY

Alternate Symbol(s):  BRPHF

Financial Services Asset Management
Galaxy Digital Holdings Ltd. is a digital asset and blockchain company. The Company provides institutions, startups, and qualified individuals access to the crypto economy. Its full suite of financial services is custom-made for a digitally native ecosystem, providing multiple business lines: trading, asset management, investment banking, mining, and ventures. Its trading business, Galaxy Trading, provides spot and derivative executions, as well as liquidity to institutional clients, counterparties and venues that transact in cryptocurrencies and other digital assets. Its asset management business, Galaxy Asset Management, manages capital on behalf of third parties in exchange for management fees and performance-based compensation. Its investment banking business, Galaxy Investment Banking, offers financial and strategic advisory services for the digital asset, cryptocurrency and blockchain technology sectors. The Company operates various offices across North America, Europe and Asia.


TSX:GLXY - Post by User

Galaxy Digital Holdings Ltd > Seems most of the BTC assets are listed under GDAM
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(31)
•••
Comment by politicaton Mar 21, 2021 12:01pm
152 Views
Post# 32846862

RE:Seems most of the BTC assets are listed under GDAM

RE:Seems most of the BTC assets are listed under GDAM "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 affiliate, Galaxy Digital Asset Management ("GDAM") reported preliminary assets under management of $1,051.9 million as of February 28, 2021. ...... it is purposely misleading.

definition of AFFILIATE -- "a person or organization officially attached to a larger body".
In this case GLXY is the affiliate of the larger GDAM. 
So to say that GLXY announces that " its affiliate " GDAM has $1B+ in AUM is wrong.
  No where in the presser does it say that GLXY only controls 28% of the 1B - not even in the small print.  It was a sneaky way to set up the public GLXY for Novogratz so he could retain over 70% of company.  Kind of like all these SPACs that have sprung up some of which give the SPAC shareholders only 6% of company ( UWM ).  




<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities