Galaxy Digital: Having Wall Street Banks As Partners Is Good, But Not A Buy Yet

Galaxy Digital's partnerships with Wall Street banks has proved fruitful for its share price, which, nonetheless has been volatile.Also, empowered by its trading, investment banking, principal investments, mining, and asset management segments, revenues have exploded.Michael Novogratz's company is profitable too, but the delay in integrating one of its key acquisitions has proved volatile for the stock.In an era of high inflation, it can be credited with encouraging institutional adoption of digital assets, while the focus to obtain compliance is analogous to self-regulation while waiting for the SEC's guidelines.Valuation-wise, the stock deserves better, but it is better to wait for BitGo to be integrated and for the company to be listed in the U.S. before investing.