10 Stocks Crash Hard Alongside Wall Street

5. Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital fell by 9.47 percent on Monday to close at $19.69 each amid the lack of fresh developments, while mirroring the overall market pessimism following President Donald Trump’s tariff letters to its trading partners.

In recent news, Galaxy Digital (NASDAQ:GLXY) successfully raised $175 million in fresh funds from its fundraising program called Galaxy Ventures Fund I (GVF I). The program was oversubscribed by $25 million following strong investor demand, having targeted only $150 million initially.

According to Galaxy Digital (NASDAQ:GLXY), GVF I attracted a diverse group of limited partners, including institutional investors, family offices, and strategic digital asset businesses. The portfolio included startups, namely 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card, among others.

Proceeds from the offer will be used to invest in early-stage companies developing critical infrastructure and applications for the on-chain economy, as well as stablecoins, payments, and tokenization, among others.