Galaxy Digital CEO Michael Novogratz announced that the surge in new crypto treasury companies has peaked, shifting focus toward growth of established firms amid favorable US regulatory improvements and strategic treasury asset allocations in Bitcoin and Ethereum.
Galaxy Digital CEO Michael Novogratz stated that the boom in new crypto treasury companies has peaked, with attention moving to the expansion of established firms. Improved US regulatory conditions have led listed companies to allocate treasury assets in cryptocurrencies such as Bitcoin and Ethereum. Galaxy Digital now manages assets for over 20 treasury companies with roughly $2 billion in AUM and anticipates revenue growth through strengthened partnerships, underscoring the rising dominance of established players in the crypto ecosystem.