On August 25, Galaxy Digital Holdings Ltd. rose 5.23% in regular trading, trading at $24.04/share, with turnover of $43.98 million. The surge comes amid a broader cryptocurrency market rally that has propelled Bitcoin to $79,000 and Ethereum above $2,500.
The primary catalyst is U.S. Treasury Secretary Scott Bessent's announcement to expand Treasury buyback programs, which suppressed yields and weakened the dollar, triggering a major risk-on rotation into digital assets. Bitcoin posted a 23.6% weekly gain — its best since early 2021 — while Ethereum surged 31.3%. Bitcoin ETFs recorded $1.92 billion in weekly net inflows, the highest since October, and Ethereum ETFs attracted $697 million. As a full-service digital asset firm spanning trading, asset management, investment banking, and mining, Galaxy Digital is a direct beneficiary of increased crypto volumes and valuations. On-chain data also showed active OTC flows through Galaxy, including a recent $52 million ETH whale purchase and a $4.15 million HYPE transfer to Gate exchange, reflecting heightened institutional activity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)