Galaxy Digital Inc. Sees Surge Amid Crypto Legislation Progress
Galaxy Digital Inc. (GLXY), a company engaged in digital assets and data center infrastructure, experienced a significant 32% surge in its stock price on July 19, 2025. This increase is attributed to the progress in cryptocurrency legislation, particularly the passing of the GENIUS Act by the U.S. House of Representatives.
Company Overview
Galaxy Digital Inc. operates in the financial sector, primarily listed on the Nasdaq. The company focuses on digital assets, data centers, and treasury and corporate services. Its Digital Assets segment offers financial products and services, including staking, margin-based financing, and active exchange-traded funds. The Data Centers segment is dedicated to developing high-performance computing infrastructure, with its Helios data center campus in West Texas being a key project.
Market Performance
As of July 17, 2025, Galaxy Digital’s close price was $27.13, with a 52-week high of $28.20 and a low of $6.89 recorded on August 4, 2024. The company’s market capitalization stands at $10.01 billion. Despite a negative price-to-earnings ratio of -22.12, the recent legislative developments have positively impacted its stock performance.
Legislative Impact
The surge in Galaxy Digital’s stock price follows the U.S. House’s approval of the GENIUS Act, which sets regulatory frameworks for stablecoins. This legislation is expected to bolster the stablecoin industry in the U.S., benefiting companies like Galaxy Digital that are involved in digital assets. The passage of the GENIUS Act, along with the CLARITY Act and the Anti-CBDC Act, provides greater regulatory clarity for the cryptocurrency sector, which has been a key factor in the recent stock market rally.
Broader Market Reaction
The positive legislative developments have also lifted other crypto-related stocks. For instance, Coinbase (COIN) reached a record high of $444.64, surpassing its previous peak since its IPO in 2021. Similarly, Robinhood (HOOD) and Circle (CRCL) have seen significant gains, reflecting the broader market optimism surrounding the regulatory advancements in the cryptocurrency space.
In summary, Galaxy Digital Inc. has benefited from the recent legislative progress in the cryptocurrency sector, leading to a notable increase in its stock price. The company’s strategic focus on digital assets and data center infrastructure positions it well to capitalize on the evolving regulatory landscape.