Galaxy Digital (GLXY) Falls 9.5% on Lack of Catalyst

Galaxy Digital (NASDAQ:GLXY) is one of the 10 Stocks Crash Hard Alongside Wall Street.

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.

Galaxy Digital (GLXY) Falls 9.5% on Lack of Catalyst

A close up of a person’s hands interacting with a digital financial asset tracker.

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.

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