Bloomberg Talks Galaxy Digital CEO Mike Novogratz Talks Tokenizing Shares
May 21, 2025
Mike Novogratz, CEO of Galaxy Digital and a prominent figure in the cryptocurrency industry, discusses innovative strides in tokenization with hosts Matt Miller and Scarlet Fu. He reveals ongoing talks with the SEC about tokenizing Galaxy's stock, reflecting broader shifts in capital markets. They delve into the dynamic cryptocurrency landscape, challenges in revenues despite Bitcoin’s price rise, and how tokenization could democratize investment opportunities. Novogratz also shares insights on the future of Bitcoin as a reserve currency amid economic shifts.
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Galaxy Digital's Long SEC Listing Battle
- Galaxy Digital took 1,307 days to go public due to SEC delays under the Biden administration.\n- Mike Novogratz describes the process as "un-American" but praises the NASDAQ's support on listing day.
Galaxy Digital's Business Evolution
- Galaxy Digital evolved into a holding company with an AI data center and a traditional crypto business.\n- The data center project aims to be the largest in America by 2030, powering growth.
Regulatory Shift Spurs Crypto Growth
- Shift from SEC opposition to pro-crypto leadership boosted institutional crypto interest.\n- Sovereign wealth funds follow U.S. buying trends, accelerating Bitcoin adoption.