RE: News29 Dec 2022 22:32
I wonder if they make a full takeover of ARB
Rosenblatt analyst Andrew Bond initiated Galaxy Digital Holdings Ltd (OTC: BRPHF) coverage with a Buy and a C$6.30 price target.
While GLXY's stock price is likely to be highly correlated to the market capitalization of crypto assets in the near term, Bond believes it has built a business model that can withstand volatility and, in some instances, thrive on it.
While the fall of FTX was a near-term setback for digital assets and GLXY's growth prospects, Bond believes it also highlights GLXY's position of strength within an industry that has persevered in the face of a multitude of bad actors and lack of regulatory guidance.