Mike Novogratz, CEO of Galaxy Digital, posted on X on November 5, 2026. He argued that recent political pressure, which he calls the "blue wave," should not distract investors from the company's underlying strengths. Novogratz highlighted two macro trends, finance moving on‑chain and exploding demand for AI, as generational shifts that will persist across administrations and market cycles. He also referenced Galaxy's Texas solar project, Helios Phase I, noting its 800 MW capacity, long‑term power purchase agreements and collaborative work with legislators and local communities, positioning these assets as core to the firm’s growth. Finally, Novogratz said he sees a large valuation gap between Galaxy's market price and his own assessment of its worth, prompting him to buy additional GLXY shares today.

“The blue wave has weighed on companies like ours. I get it. But let’s not confuse politics with long-term fundamentals. Finance is moving onchain and demand for AI is exploding. These are generational shifts that will play out across administrations and market cycles. We’ve spent years building Galaxy to win in both. That includes Texas, where we delivered Helios Phase I on schedule and 800 MW is already leased under long-term contract. We’ve worked with legislators and local communities there for years, and we’ll keep doing that with the new administration. We share the same goals: reliable power, protected water and strong communities. I see a massive disconnect between where $GLXY trades and what I believe this company is worth. That’s why I’m buying more stock, starting today. I’m betting on us, big time.”

— Mike Novogratz (@novogratz) on X · X ↗

Mike Novogratz is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.