Back on Jan 21, 2021 in a post about Galaxy Digital Holdings (TSX: GLXY) I commented:

My educated guess – GLXY is an early stage, diversified play in a target sector with a strong balance sheet and dynamic, motivated management and a capital structure that says ‘smart’. I’m long and strong on this one. I have taken some ‘smart profits’ off the table, which makes staying long a lot easier. As of this date GLXY sits at 17% of the DTM5 portfolio. I’d consider adding more if the price comes back or if a strategic development gives it some strong, consistent revenue and hence more runway to launch. I’ll likely continue to average into it.

The original post can be found here:

Galaxy Digital Holdings in the DTM5

Well, what a difference four months make. Galaxy just announced the acquisition of Bitgo, “a leading custody provider with over $40 billion of assets under custody, serving over 150 exchanges and over 400 institutional clients. BitGo processes over 30 billion monthly transactions, supports the custody of more than 400 coins and tokens and provides clients with the most comprehensive insurance available in the market.“

Wow. Galaxy keeps crushing it. In the past few months they’ve announced explosive quarterly revenue growth, major board and management appointments, an upcoming NASDAQ listing, and now this.

It certainly makes sense that the share price is up over 369% since I wrote about it on Jan 21, and up over 917% since the DTM5’s first investment in it last year.

It is a ton of fun watching a mega entrepreneur like Mike Novogratz ride this wave and build this company. The seatbelt remains fastened, and the DTM5 continues to average into this monster bull of a company and sector. Hang on!!

GLTA