Galaxy Digital’s Three-Bucket Strategy Dem Rated Strong Buy

Galaxy Digital don get strong buy rating from Rittenhouse Research. Flood Capital man Duncan plus Rittenhouse man Matt check how Galaxy Digital dey run their operations under three main tins: their corporate balance sheet, crypto balance sheet, and business segments. As of March 31, the company hold $1.3 billion for Bitcoin plus dem get more pass $3 billion for staked assets, wey make dem Solana fourth biggest validator. Their trading side get derivatives, lending, structured products and $900 million loan book, make Galaxy Digital be one of the top crypto lenders. Rittenhouse mention how Galaxy Digital’s digital assets platform get strategic value, wey dey provide plenty services to institutional clients. The report also show say Galaxy Digital na the best way to benefit from Bitcoin miners wey dey change to AI data center operations, since dem no too depend on mining for income. Galaxy Digital stock dey trade around $27, up 181% year-over-year. Analysts talk say the shares fit reach $55 soon and $100 in few years if dem fit manage well for data center business. Galaxy Digital go drop their earnings tomorrow, wey fit show if the bullish predictions go tey.