Galaxy is preparing to report its earnings, which has caught the attention of analysts. Flood Capital's Duncan, along with Matt from Rittenhouse Research, recently labeled Galaxy as a strong buy, highlighting it as one of the most successful firms in the crypto sector. Duncan emphasized that Galaxy's market cap is approximately $10 billion, supported by a significant crypto balance sheet, notably $1.3 billion in Bitcoin. Matt pointed out the strategic advantages of Galaxy's digital assets business, portraying it as a unique platform designed for institutions and companies in the crypto space. He likened Galaxy to Goldman Sachs, noting its role as the 'adult in the room' with major contracts, like the custody arrangement for the FTX estate. Galaxy also manages substantial staked assets, amounting to over $3 billion, positioning it advantageously in the rapidly evolving crypto landscape.

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