Galaxy has completed the restructuring process of relocating to the United States and plans to go public on schedule, with cash and stablecoin reserves of $1.1 billion

According to Foresight News, according to The Block, cryptocurrency asset management company Galaxy Digital has completed its restructuring process from Cayman to the United States and plans to list on NASDAQ under the code "GLXY" on May 16th. On the same day, the company announced a net loss of $295 million for Q1 2025, mainly due to the decline in digital asset prices and mining related impairment expenses. Despite the decline in performance, the company's cash and stablecoin reserves remain at $1.1 billion.