Key Insights

Significant control over Galaxy Digital Holdings by retail investors implies that the general public has more power to influence management and governance-related decisions A total of 25 investors have a majority stake in the company with 29% ownership Institutions own 26% of Galaxy Digital Holdings

Our free stock report includes 2 warning signs investors should be aware of before investing in Galaxy Digital Holdings. Read for free now.

If you want to know who really controls Galaxy Digital Holdings Ltd. (NASDAQ:GLXY), then you'll have to look at the makeup of its share registry. With 69% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Retail investors gained the most after market cap touched US$4.0b last week, while institutions who own 26% also benefitted.

Let's take a closer look to see what the different types of shareholders can tell us about Galaxy Digital Holdings.

See our latest analysis for Galaxy Digital Holdings NasdaqGS:GLXY Ownership Breakdown May 17th 2025

What Does The Institutional Ownership Tell Us About Galaxy Digital Holdings?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

Galaxy Digital Holdings already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Galaxy Digital Holdings, (below). Of course, keep in mind that there are other factors to consider, too.NasdaqGS:GLXY Earnings and Revenue Growth May 17th 2025

We note that hedge funds don't have a meaningful investment in Galaxy Digital Holdings. Looking at our data, we can see that the largest shareholder is FMR LLC with 14% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 2.3% and 1.5%, of the shares outstanding, respectively.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

Story Continues

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Galaxy Digital Holdings

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

We can see that insiders own shares in Galaxy Digital Holdings Ltd.. This is a big company, so it is good to see this level of alignment. Insiders own US$193m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.

General Public Ownership

The general public -- including retail investors -- own 69% of Galaxy Digital Holdings. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 2 warning signs for Galaxy Digital Holdings (1 is a bit unpleasant!) that you should be aware of before investing here.

But ultimately  it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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