On August 19, Galaxy Digital Holdings Ltd. rose 5.02% in regular trading, trading at $21.5726/share, with turnover of $30.49 million.
On the news front, the company announced on August 14 a partnership agreement with Bank Leumi, one of Israel's largest banks, to provide digital asset trading services for the bank's customers. Financial terms were not disclosed. This marks a significant expansion of Galaxy Digital's institutional business footprint into the Israeli market. Additionally, 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 partnership comes amid Galaxy Digital's broader strategic push across multiple fronts, including a $3.51 billion senior secured notes offering to finance data center construction in Texas, completion of Phase I of its Helios data center delivering 133 MW to CoreWeave, and a $500 million warehouse lending facility from Grove for institutional crypto-backed loans. The company reported Q2 adjusted loss of $0.09 per share on revenue of $8.56 billion.
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