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$GLXY bears will hate this, but seeing $BTC and $ETH nosedive while $GLXY curls up, even on a very short timeframe, is very constructive for a potential reversal + market realization that the stock should not move directly in tandem with the broader crypto asset class.
What we want to see is $GLXY break its pattern of moving in lockstep with crypto as the street wakes up to the fact that their data center business will soon stand on its own, unshaken by the volatility of $BTC, $ETH, etc. $GLXY should probably at least loosely move with crypto, but as I’ve written in length about, their value does not stop there.
I believe this will become obvious when Helios cash flows hit the income statement in 1H of 2026. Until then, it’s best not to sell your shares at a sub-$10B MC when $GLXY will be worth 5x this figure in the not-so-distant future.
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