Key Highlights:
- Galaxy Digital shares began trading on Nasdaq, with CEO Mike Novogratz ringing the opening bell.
- The fast-food chain Steak N Shake has started accepting Bitcoin payments.
- Top Win, a luxury goods wholesaler, is undergoing a rebranding to AsiaStrategy to facilitate a shift towards digital assets.
Galaxy Digital’s Nasdaq Debut
Galaxy Digital (GLXY) recently launched on Nasdaq, vying for attention in the cryptocurrency arena. On social media, users shared excitement over Steak N Shake’s incorporation of Bitcoin payments via the Lightning network. They had announced their plans just a week prior. A video showcased customers utilizing Bitcoin for their orders at a self-service kiosk.
In another development, Top Win International (TOPW) revealed plans to rebrand as AsiaStrategy, aligning with a strategy to manage digital asset treasury similar to that of Michael Saylor’s firm, Strategy (MSTR), which holds a significant Bitcoin reserve.
Based in Hong Kong, Top Win has partnered with Sora Ventures to execute this new strategy, although its stocks have experienced volatility.
Conclusion
Galaxy Digital’s listing represents a significant milestone, according to Novogratz, who referred to it as a “pivotal moment” for the company. They also intend to maintain a presence on the Toronto Stock Exchange for some time following their Nasdaq listing.
