Group 1 - Galaxy Digital Ltd. (NASDAQ:GLXY) experienced a significant rebound, rising 10.97% to close at $34.29, driven by investor optimism regarding Bitcoin potentially reaching $200,000 [1][2] - CEO Mike Novogratz expressed confidence that Bitcoin could surpass the $200,000 mark if a more dovish Federal Reserve chairman is appointed [1] - The company's investments in digital assets, including a $1 million investment in K Wave Media, support its optimistic outlook [2][3] Group 2 - K Wave Media plans to develop a tokenization platform for fractional ownership and automated royalty distribution, which will also accept Bitcoin for payments and investments [3] - Galaxy Digital increased its stake in Solana to a total of $1.55 billion after acquiring $306 million worth of tokens in a single day [3]
Galaxy Digital (GLXY) Jumps 11% as Bitcoin Seen to Hit $200K