Galaxy Digital (GLXY) Faces Market Pessimism as Stock Falls 9.5%

Galaxy Digital (GLXY) fell 9.47% to $19.69 amid market pessimism after President Trump’s tariff letters. The company raised $175 million in fresh funds from Galaxy Ventures Fund I, oversubscribed by $25 million due to strong investor demand. The funds will be used to invest in early-stage companies for the on-chain economy.

The Galaxy Ventures Fund I attracted a diverse group of limited partners, including institutional investors and family offices. The portfolio includes startups like 1Money, Arch Lending, Ethena, M^0, and more. Proceeds from the fundraising will be used to invest in infrastructure, stablecoins, payments, and tokenization.

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Read more at Yahoo Finance: Galaxy Digital (GLXY) Falls 9.5% on Lack of Catalyst