Bullboard - Stock Discussion Forum Galaxy Digital Holdings Ltd T.GLXY

Alternate Symbol(s): BRPHF

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

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TSX:GLXY - Post Discussion

Galaxy Digital Holdings Ltd > true market cap ?

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Post by politicat on Mar 07, 2021 10:51am

true market cap ?

There are conflicting market caps for GLXY.
Several places show 1.6B ( including here ) but Bloomberg shows 5.2B.
Just checked financials on Galaxy site and there are close to 300M shares so it seems 5.2B is correct.
If so -- the bitcoin is worth about a billion. What is worth another 4B. ?

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Comment by Phanton on Mar 07, 2021 11:39am

There is a bull board post on March 2 that can help answer your question . Look for the video . Galaxie has a lot of components to it , not just Bitcoin .

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Comment by Bagofhammers on Mar 07, 2021 11:40am

They hold interests in several companies. You know HUT8 was spun out of GLXY. They have ETF interests among other things. It's not soley based on BTC holdings.

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Comment by GoBBs on Mar 07, 2021 6:08pm

no theres like 90m shares according to RBC

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Comment by Derthebear on Mar 08, 2021 9:00am

There is 300m shares . They got way more then just Btc as holding including ETH , DeFi , private cos , multiple funds and line of business .

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Comment by GoBBs on Mar 08, 2021 12:18pm

From MD&A Nov 2020 ... Common Stock As of September 30, 2020, after accounting for additional issuances related to exchanges of GDH LP Class B Units during the period and share repurchases, there were 65,125,264 ordinary shares issued and outstanding. As of November 12, 2020, there were 84,474,714 ordinary shares issued and outstanding. The increase in ordinary shares reflects the issuance ...more

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Comment by Derthebear on Mar 09, 2021 6:08am

Yep plus de the 200m class b shares wich most are own by novo .

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Comment by politicat on Mar 10, 2021 4:10pm

As of November 12, 2020, there were 84,474,714 ordinary shares issued and outstanding. So the 200M class B shares are also ordinary shares issued. Then why are RBC and others seeing these and including in market cap ? Honestly, if i would have known it was a $ 5B cap i would not have bought in around $19. Since i have had it it would be better to just ...more

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