PANews reported on May 13 that according to The Block, crypto asset management company Galaxy Digital has completed the reorganization process from Cayman to the United States, and plans to be listed on the Nasdaq on May 16 with the code "GLXY". On the same day, the company announced a net loss of $295 million in Q1 2025, mainly affected by the decline in digital asset prices and mining-related impairment expenses. Despite the decline in performance, the company's cash and stablecoin reserves still reached $1.1 billion.