Shares of Galaxy Digital (GLXY) rose on Wednesday following President Donald Trump’s vocal defense of the Genius Act, in which he urged banks to “reach a good deal with the crypto industry.”
As GLXY extended its gains following Trump’s social media post, its price surpassed its 20-day moving average (MA), indicating a change in momentum in the near term.
Still, Galaxy Digital stock is down nearly 30% from its year-to-date high at the time of writing.
Trump’s public rebuke of mainstream financial institutions for attempting to “undermine” crypto innovation reinforces his commitment to making the United States the “crypto capital of the world.”
For Galaxy Digital, which operates a massive institutional-grade digital asset platform, the Genius Act provides the regulatory clarity needed to scale its stablecoin and payments services. This political tailwind is widely expected to reduce the “regulatory risk premium” that can help unlock significant additional upside for GLXY stock.
Note that this crypto stock has a history of closing March and April with significant gains, a seasonal pattern that makes it even more attractive as an investment in the short term.
Despite recent declines, the fundamental bullish case for Galaxy Digital stock is strengthening.
While the market depreciation resulted in a net loss in 2025, the Nasdaq-listed company ended the year with $12 billion in assets and a solid $2.6 billion in cash and stablecoins.
Furthermore, GLXY is no longer just a Bitcoin (BTCUSD) bet; is aggressively pivoting toward artificial intelligence (AI) and high-margin data center infrastructure. Helios’ Texas campus is on track to deliver 133MW to CoreWeave (CRWV), promising a steady stream of revenue uncorrelated with cryptocurrencies.
Ultimately, Galaxy offers a high-growth entry point with a compelling valuation for those interested in betting on the convergence of digital finance and AI computing.
It’s also worth mentioning that Wall Street remains very bullish on Galaxy Digital by 2026.
According to Barchart, the consensus rating on GLXY stock stands at “Strong Buy,” with an average target of around $44 indicating upside potential of a whopping 90% from current levels.
