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Galaxy CEO Novogratz to Buy More GLXY Shares, Cites Value Gap

Galaxy CEO Mike Novogratz said on Nov. 6 that he will increase his holdings of Galaxy (GLXY) shares, arguing the current price is deeply disconnected from the company’s value. In a post, he said a “blue wave” has pressured the company but that politics should not be confused with long-term fundamentals, pointing to finance moving on-chain and surging AI demand as generational shifts spanning government and market cycles.

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