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Galaxy Digital (GLXY) Appoints Doug Deason as Independent Board Director

Galaxy Digital (NASDAQ:GLXY) is one of the best performing crypto stocks so far in 2025. On July 29, Galaxy Digital Inc. officially named Doug Deason, president of Deason Capital Services, as an independent director on its Board of Directors. The appointment took effect immediately.

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With this appointment, Galaxy Digital’s Board now has seven directors, up from six. Deason will serve until the company’s 2026 annual meeting of stockholders or until a successor is elected and qualified. The new director will also be a member of Galaxy Digital’s Nominating and Corporate Governance Committee.

Deason is the president of Deason Capital Services, LLC, a private investment firm, a role he has held since 2011. From 1993 to 2009, he served as the Chief Executive Officer (CEO) of Precept Builders, Inc., a commercial construction company. He previously acted as CEO of Precept Business Services, a Nasdaq-listed firm, and co-managed Evergreen Realty Partners, a Dallas-based multifamily development firm.

Deason currently holds board positions at private companies, including Great American Media (as Chairman), Ryan, LLC, and Park Cities Financial Group, the parent company of Dallas Capital Bank.

Galaxy Digital (NASDAQ:GLXY) is a diversified financial services and digital asset company. It provides trading, asset management, investment banking, and custody solutions for cryptocurrencies and blockchain-based assets. The company also operates one of the largest over-the-counter crypto derivatives desks and manages data center infrastructure for high-performance computing and bitcoin mining. Galaxy Digital’s main crypto-related services include institutional trading, staking, venture investing, and tokenization.

While we acknowledge the potential of Galaxy Digital (NASDAQ:GLXY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GLXY and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Alternative Meat Stocks to Invest In According to Analysts and Top 10 AI Stocks With Huge Upside Potential.

Disclosure: None. This article is originally published at Insider Monkey.

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