Galaxy Digital: April 2026 Update
I first wrote about Galaxy in August 2025, while the stock traded at $24. In the subsequent 2 months, the stock traded as high as $45, largely due to the market’s realisation of the thesis I highlighted in the post.
However, the stock has since been hit hard from a combination of factors including a Crypto bear market and general drawdown in the AI/Datacenter space over concerns of an overbuild.
It now trades at $18, seeing a 60% drawdown from all-time highs over the past 6 months. It also means my position is now down 25%.
In this piece, I will give an update of my thoughts on Galaxy as an investment and my plans moving forward.
