On August 20, Galaxy Digital Holdings Ltd. rose 5.8% in regular trading, trading at $22.85/share, with turnover of $10.11 million, extending momentum from pre-market gains.
On the news front, the company announced a partnership with Bank Leumi, one of Israel's largest banks, to provide digital asset trading services for the bank's customers. The collaboration marks a significant expansion of Galaxy Digital's institutional business footprint into the Middle East region. Financial terms of the deal were not disclosed.
Adding to positive sentiment, company director DEASON DOUGLAS R purchased 12,000 shares at an average price of $21.54, signaling management confidence in the company's outlook. The insider buying comes after a series of strategic moves, including the completion of Phase I at its Helios data center campus delivering 133 MW to CoreWeave, acquisition of 500 acres in Texas for AI data center development, and a $3.51 billion senior secured notes offering to finance data center construction.
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