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Bullboard - Stock Discussion Forum 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... see more

TSX:GLXY - Post Discussion

Galaxy Digital Holdings Ltd > any insight here..??
View:
Post by m8magic on Jan 07, 2021 10:48pm

any insight here..??

 
@tommi This will be huge for GLXY
 
1
 
@tommi considering their initial BAKKT investment and the work they do with BAKKT trading/custody
 
1
 
@tommi If this SPAC goes ahead. WOW
 
1
 
@m8magic what was /is their currant investment in Bakkt over and above using Bakkt...??..I thought their initial investment was only 5 million to Bakkt as a start up so did they invest more...??

 
@tommi This will be huge for GLXY
 
1
 
@tommi considering their initial BAKKT investment and the work they do with BAKKT trading/custody
 
1
 
@tommi If this SPAC goes ahead. WOW
 
1
 
@m8magic what was /is their currant investment in Bakkt over and above using Bakkt...??..I thought their initial investment was only 5 million to Bakkt as a start up so did they invest more...??
Comment by m8magic on Jan 07, 2021 11:55pm
good info replied... @tommi @m8magic it was only $5m. $5.5m as of last earnings. Not sure what the evaluation for BAKKT was at the time. Overall it’s not a huge position, but I believe the bigger picture is that these are the type of deals where $GLXY really shows why it’s the best/only good crypto INVESTMENT atm. M&A will be the focus once everyone stops fomo’ing into every random ...more  
Comment by Cinimod1 on Jan 08, 2021 9:51am
very good info... So is novogratz purposely holding the price down until the spac deal goes through?
Comment by McRambus on Jan 08, 2021 10:29am
Holding the price down. lol You think Novogratz has some magic button that allows him to do that? Some big holder is selling. People see the underperformance relative to other names and also sell to switch into stuff that actually goes up with the price of bitcoin.
Comment by Cinimod1 on Jan 08, 2021 10:34am
underperformance?? Glxy is up over 1000% since March..
Comment by McRambus on Jan 08, 2021 10:41am
That is underperformace in this space, HIVE was 10 cents lol. HUT was 50 cents. See what MARA, RIOT, DMGI were in March. Also underperformance for the week when bitcoin was up $12,000. This is clearly not the go-to stock in the sector and acting poorly as if a bought deal will be announced Monday morning. 
Comment by Cinimod1 on Jan 08, 2021 11:07am
those companies combined hold less than 15% the amount of bitcoin that galaxy does. "I skate to where the puck is going to be, not where it has been." Wayne Gretzky
Comment by McRambus on Jan 08, 2021 11:31am
Dos it matter? Galaxy has the biggest market cap of all those companies by far. My gut says some sort of financing is being prepared at a discount to market and people know it.
Comment by bitconnect on Jan 08, 2021 11:33am
Time to load up!!!
Comment by Cinimod1 on Jan 08, 2021 11:37am
https://finance.yahoo.com/news/spac-surges-64-report-merger-043651291.html
Comment by Cinimod1 on Jan 08, 2021 11:56am
VPCs common shares rose 51% at 10:22 a.m. Friday in New York while its warrants jumped 290%. https://www.bloomberg.com/news/articles/2021-01-08/crypto-exchange-bakkt-said-near-merger-with-victory-park-spac
Comment by shaker13 on Jan 08, 2021 2:56pm
Hot $ flying into DM subsidiary today, entire float rolled over PPL know Chairman's South Korean solid connections to Crypto https://www.newsfilecorp.com/release/71650/Datametrex-Congratulate-Graph-Blockchain
Comment by Mackstocks123 on Jan 08, 2021 4:44pm
Nice, What was going on with the SP today?
Comment by m8magic on Jan 08, 2021 6:18pm
me thinks the sellers the past two days gonna have a whole lot of regret Monday..
Comment by goldcart on Jan 08, 2021 6:43pm
Logged on  to post exact same tghing m8. They are selling thinking btc will crash but nooo...instututions are buying every dip...btc is acting much diffeerent then it has in the past...
Comment by McRambus on Jan 08, 2021 6:53pm
A better question, why are their not enough buyers to soak up the selling with bitcoin at $40K? Are market conditions going to get much better?
Comment by m8magic on Jan 08, 2021 9:47pm
  well i think the buying has been strong ...considering the fear that is likely a factor that bitcoin was gonna have a big blow off....which so far appears to possibly not going to happen.....so far.
Comment by Cinimod1 on Jan 08, 2021 11:10am
hopefully we will see next week. https://www.coindesk.com/crypto-exchange-bakkt-nears-merger-with-victory-park-spac-bloomberg https://modernconsensus.com/cryptocurrencies/bitcoin/galaxy-digital-bakkt-woo-big-investors/
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