Galaxy Digital Drops to 473rd in Trading Activity as BTIG Raises Price Target to $35 on Bitcoin-Driven Growth

On August 6, 2025, Galaxy Digital (GLXY) closed at $27.34, down 1.23% with a trading volume of $0.25 billion, a 25.79% decline from the prior day. The stock ranked 473rd in trading activity, reflecting reduced liquidity. Analysts at BTIG upgraded their price target for GLXY to $35 from $26.50, maintaining a “Buy” rating. The firm highlighted Galaxy’s Q2 operating income surge driven by Bitcoin’s 40% rally since late Q1, positioning the company as the eighth-largest BTC holder among U.S. public firms. This strategic exposure to Bitcoin’s price action and diversified digital asset operations strengthens its growth narrative in the crypto sector.

BTIG’s analysis underscores Galaxy’s ability to capitalize on Bitcoin’s momentum, which boosted its balance sheet with BTC holdings. The firm emphasized Galaxy’s dual role as a crypto services provider and institutional Bitcoin custodian, differentiating it from peers. While the stock’s recent decline may reflect broader market volatility, the analyst’s revised target suggests confidence in the firm’s long-term positioning amid the evolving digital asset landscape.

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