BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
Galaxy Digital (TSX:GLXY) Inc. (NASDAQ:GLXY) announced Monday that Doug Deason has been appointed to its board of directors, effective the same day. The company’s board now consists of seven directors, up from six.
Deason, 63, will serve on the board until the company’s 2026 annual meeting of stockholders or until a successor is elected and qualified. He has also been named a member of the Nominating and Corporate Governance Committee.
According to the company’s statement, Deason is currently president of Deason Capital Services, LLC, a private investment firm, a position he has held since 2011. From 1993 to 2009, he was chief executive officer of Precept Builders, Inc., a commercial construction company. Deason holds board positions at several private companies, including Great American Media, Ryan, LLC, and Park Cities Financial Group, the parent of Dallas Capital Bank. He also serves on boards and advisory groups at Southern Methodist University, the Texas Public Policy Foundation, the Lone Star Justice Alliance, MD Anderson Cancer Center, and other organizations.
Deason holds a bachelor of science degree in data processing quantitative analysis (computer science) from the University of Arkansas.
The company stated that Deason will participate in its non-employee director compensation program and will enter into its standard indemnification agreement.
There are no arrangements or understandings between Deason and any other person regarding his selection as a director, and he does not have any material interest in transactions requiring disclosure under SEC regulations. The company also stated that Deason has no family relationships with any other director or executive officer of Galaxy Digital.
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, Galaxy Digital Inc. executed a significant $9 billion bitcoin transaction for an early investor, marking one of the largest transactions in cryptocurrency history. This transaction was part of the investor’s estate planning strategy and involved the sale of over 80,000 bitcoins. Additionally, Galaxy Digital has entered into a strategic partnership with K Wave Media to manage and advise on KWM’s bitcoin treasury strategy, with Galaxy also investing in the media company. In terms of analyst activity, Jefferies initiated coverage of Galaxy Digital with a Buy rating, citing potential benefits from the evolving regulatory environment in cryptocurrency and the demand for AI data centers. Piper Sandler also raised its price target for Galaxy Digital to $36, maintaining an Overweight rating, and noted the company’s dual opportunities in cryptocurrency and AI. Furthermore, Galaxy Digital appointed Doug Deason as an independent director to its Board of Directors, expanding its governance team. These developments reflect Galaxy Digital’s active engagement in the cryptocurrency and AI sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.