Galaxy CEO: Will Increase GLXY Holdings, Bullish on On-Chain Finance and Long-Term AI Trends

Odaily reports: Galaxy CEO Mike Novogratz posted on X that the "blue wave" in the U.S. midterm elections has put pressure on the company, but political factors should not be conflated with long-term fundamentals.

Novogratz believes that financial activity is gradually migrating on-chain, and AI demand is also growing rapidly—trends that will span different government terms and market cycles. Galaxy will continue to work with the new administration, focusing on reliable power supply, water resource conservation, and community development.

Additionally, Novogratz stated that there is currently a significant disconnect between GLXY's stock price and the company's actual value, and therefore has decided to increase holdings of Galaxy stock effective immediately.