The Bull Case For GLXY With Duncan & Rittenhouse Research
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I think it could be worth $100 a share in the next few years. That's personally how I'm thinking about it. It's definitely a long term investment. I think as they execute on the data center business, if they continue to execute there, then I'm really happy to hold this for a very long time. I'm bullish on crypto. I'm bullish on AI. I'm bullish on the management team. So that's kinda how I think about it long term.
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Yeah. It's great to be here.
Yeah. Yeah. No. And I guess Matt and I both own the stock as well. Just making that clear.
I figured you guys did. I figured you guys did.
Long. Very long. Yeah. Yeah.
So the the the other thing, just quick housekeeping, is we have digital asset summit coming up. It's October. Code empire 100 gets you a ticket. Discounted ticket. Get a $100 off your ticket. And the other thing is if you're listening on Spotify or Apple, you probably wanna watch this one on YouTube. We're gonna do a lot of screen sharing, showing some different models, stuff like that. If you're not watching on YouTube, that's fine. Okay. Let's jump in with Galaxy is a very complicated business, actually. I spent a lot of time prepping for this podcast. I'm just reading about Galaxy as a busi
So I basically break down Galaxy into three main buckets. They have their balance sheet. The market cap today, it's trading around just under $30.20 $28 That's around a $10,000,000,000 market cap. They have a crypto balance sheet, which consists of As of March 31, dollars 1,300,000,000.0 in Bitcoin, ETH, SOL. I think they bought some hype recently. I know they have some SUI. Crypto is up 40% since then, so let's call that $1,800,000,000 liquid crypto. Then they have $1,000,000,000 in stablecoins. They just did a raise for $500,000,000 in cash. You're looking at roughly a 3,300,000,000.0 sheet
Okay. So we've got a $10,000,000,000 business. We've got the balance sheet. We've got the crypto business lines and the data center business. Matt, is that roughly how you think about the business?
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