Professional
Added to YB: 2020-07-20
Pitch date: 2020-07-20
GLXY.TO [bullish]
Galaxy Digital Inc.
+1667.05%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
Company Info
Galaxy Digital Inc. engages in the digital asset and data center infrastructure businesses. The company’s digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology.
Market Cap
$7.1B
Pitch Price
$1.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
63.36
EV/Sales
0.47
Sector
Capital Markets
Category
N/A
Praetorian Capital q2 2020 fund letter - Galaxy Trust
The Galaxy Digital stock (GLXY – Canada) represents an investment in a crypto-focused investment bank. Our acquisition strategy leveraged the stock's value, purchasing shares at a price below the company's cash and crypto holdings. While the future performance of Galaxy Digital is uncertain, the opportunity to invest in a growing sector led by a charismatic CEO for less than its tangible book value presents a compelling case to diversify our investment exposure.
Read full article (1 min)