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Galaxy Group Investments LLC, a ten percent owner in Galaxy Digital Inc. (EXCHANGE:GLXY), sold 2,477,055 shares of Class A Common Stock on October 10, 2025. The shares were sold at a price of $36.0, for a total transaction value of $89,173,980. The transaction occurred as the stock trades near its 52-week high of $44.11, having surged 248.7% over the past six months. According to InvestingPro, the $15.6 billion market cap company shows high price volatility, with 8 additional key insights available to subscribers.
The same day, Galaxy Group Investments also converted 2,477,055 shares of Class B Common Stock into Class A Common Stock. The transaction represents about two days’ worth of typical trading volume, as the stock averages 1.11 million shares traded daily over the past three months. Discover more detailed metrics and analysis in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Galaxy Digital Inc. has secured a significant $460 million private strategic investment from a major asset management firm. This investment involves the purchase of over 12 million shares at $36 per share, with the transaction expected to close around October 17, 2025, pending customary conditions. Additionally, Galaxy Digital has launched GalaxyOne, a new platform offering U.S. individual investors up to 8% yield alongside crypto trading services. The platform allows accredited investors to earn an 8% Annual Percentage Yield through Galaxy Premium Yield and offers 4% APY on cash deposits with FDIC insurance.
Piper Sandler has raised its price target for Galaxy Digital to $42, maintaining an Overweight rating, citing mining expansion as a key factor. The firm reiterated its Overweight rating and $36 price target after meetings with Galaxy Digital’s leadership. In another development, BDACS, a Korean institutional digital asset custodian, has chosen GK8, a Galaxy company, as its digital asset technology provider. This partnership will help BDACS deliver secure custody services to Korean institutions while complying with local regulations.
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