Galaxy Digital Surges 2.74% on 391st-Ranked $310M Volume as SUI Treasury Partnership Drives 166.71% Return Strategy

Galaxy Digital (GLXY) rose 2.74% on August 7, with a trading volume of $310 million, ranking 391st in market activity. The stock’s move followed a strategic partnership with Mill City Ventures to manage a $450 million SUI treasury. Galaxy’s asset management division will oversee the initiative, which is described as the largest publicly traded SUI treasury. The firm also participated in Mill City’s recent private placement funding the strategy, reinforcing its dual role as both asset manager and investor.

The collaboration aims to leverage Galaxy’s institutional infrastructure and market expertise to scale Mill City’s SUI holdings. Executives highlighted the partnership as a step toward integrating blockchain assets into traditional capital markets. Galaxy’s infrastructure is expected to enhance liquidity access and staking strategies for Mill City, potentially boosting SUI-per-share growth for shareholders. The firm’s leadership emphasized SUI’s role as foundational infrastructure for next-generation internet technologies.

Galaxy’s involvement in the treasury strategy aligns with its broader focus on digital asset management and blockchain ecosystems. The partnership underscores growing institutional interest in blockchain-based assets, particularly as firms seek diversified exposure to emerging technologies. However, the initiative carries risks tied to regulatory shifts and SUI’s market volatility, which could impact long-term returns.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.