Movement Alert|Galaxy Digital Holdings Ltd. Rises 5.02% in Pre-Market Trading, Partnership With Israeli Bank Leumi Expands Digital Asset Reach Plus Insider Buying

Market Focus
Aug 20

On August 20, Galaxy Digital Holdings Ltd. rose 5.02% in pre-market trading, trading at $22.9/share with turnover of $132,000, extending gains from the prior session.

On the news front, the company announced on August 14 a partnership with Bank Leumi, one of Israel's largest banks, to provide digital asset trading services for the bank's customers. The deal marks a significant expansion of Galaxy Digital's institutional business into the Middle East region. Additionally, insider filings disclosed the same day revealed that Director DEASON DOUGLAS R purchased 12,000 shares at an average price of $21.54, signaling management confidence in the company's outlook.

The partnership builds on broader momentum for Galaxy Digital, which reported $20 million in adjusted gross profit from its data center business in Q2, completed Phase I of its Helios data center delivering 133 MW to CoreWeave, and recently priced $3.51 billion in senior secured notes to fund further data center expansion in Texas.

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