Galaxy Digital (GLXY) shares jumped 9.66% after raising $175 million for expansion

Galaxy Digital (GLXY) saw a 9.66% increase in share prices, closing at $21.9 after raising $175 million for expansion plans. The Galaxy Ventures Fund I was oversubscribed by $25 million due to strong investor demand. The fund attracted various limited partners and included startups like 1Money, Arch Lending, and RedotPay.

Proceeds from the fundraising will be used to invest in early-stage companies focused on on-chain economy infrastructure, stablecoins, payments, and tokenization. While GLXY shows promise as an investment, some believe AI stocks offer higher returns with lower risk. Check out the best short-term AI stock for potential opportunities.

For more insights, explore the “20 Best AI Stocks To Buy Now” and “30 Best Stocks to Buy Now According to Billionaires.” No disclosures were made in this article. Original source: Insider Monkey.

Read more at Yahoo Finance: Galaxy Digital (GLXY) Jumps 9.66% as Firm Poised for Expansion