Galaxy CEO: The stock price is disconnected from the company's value, starting today, increase holdings

Galaxy Digital, a cryptocurrency financial services company, CEO Mike Novogratz stated that there is a significant disconnect between GLXY's current stock price and the company's assessed value. Therefore, starting today, he will buy more shares and claims to make a substantial bet on the company.

He acknowledged that the blue wave brought by the Democratic victory in the United States has put pressure on companies like Galaxy, but politics should not be confused with long-term fundamentals. He believes that the migration of finance to on-chain and the explosion of AI demand represent a generational shift that transcends government changes and market cycles.

Novogratz also mentioned that Galaxy has delivered the first phase of the Helios project in Texas as planned, with an 800-megawatt capacity leased through long-term contracts. The company will continue to collaborate with local legislators, communities, and the new government.