Odaily Planet Daily report: Mike Novogratz, CEO of Galaxy, posted on X that the "blue wave" emerging from 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 shifting on-chain, and demand for AI is growing rapidly—these trends will transcend different government administrations and market cycles. Galaxy will continue to collaborate with the new administration, focusing on reliable power supply, water resource conservation, and community development.
In addition, Novogratz stated that the current GLXY stock price is significantly disconnected from the company’s actual value, leading to the decision to increase holdings in Galaxy stock effective immediately.