Galaxy Digital Surges 7.48% on Board Strengthening and $175M Fund Close as $230M Volume Ranks 475th in Market Activity

Galaxy Digital (GLXY) surged 7.48% to $29.60 on 2025-08-04, with a trading volume of $230 million, ranking 475th in market activity. The rally followed strategic governance upgrades, including the appointment of Doug Deason, a veteran private equity and construction executive, to its board. Deason’s addition enhances institutional credibility, diversifying the board to seven members and strengthening oversight of the firm’s diversified crypto services, including institutional trading, staking, and data center infrastructure.

The company also announced the final close of its $175 million Galaxy Ventures Fund I, targeting DeFi and stablecoin startups. This aligns with its broader strategy to expand institutional-grade access to decentralized finance, including recent Solana DeFi integrations via its GK8 custody platform. Additionally, Galaxy executed one of the largest notional Bitcoin transactions, underscoring its role in facilitating high-value crypto trades for institutional clients.

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