Galaxy Digital Inc. will match the federal government's initial $1,000 funding to the Trump Accounts program for eligible children of its employees, CEO Mike Novogratz announced on Monday. The pledge ensures a total of $2,000 per eligible child, combining the government's contribution with the company's match. Novogratz, a prominent Bitcoin bull, expressed enthusiasm for investing in the future during the White House launch of the initiative.

Trump Accounts Initiative Details

President Donald Trump announced the funding of the first 500,000 Trump Accounts, targeting children born between 2025 and 2028. The program aims to help families build long-term wealth by providing an early stake in the stock market. Additional contributions can be made over time by parents, relatives, and employers.

Corporate Support for the Program

Galaxy Digital is not the first firm to support the initiative. Coinbase Global Inc. CEO Brian Armstrong previously committed to matching the $1,000 contribution for employees' children. Other major Wall Street backers include Micron Technology Inc., Dell Technologies Inc., SoFi Technologies Inc., and JPMorgan Chase & Co. Micron committed $250 million to the initiative last week.

Market Reaction

Galaxy shares closed 3.29% higher at $25.40 during Monday's regular trading session but were down 0.35% in overnight trading. Year-to-date, the stock has grown 13.60%. According to Benzinga's Edge Stock Rankings, the stock shows a weaker price trend across short, medium, and long terms, despite a moderately high Momentum score.

Galaxy Digital Inc. has completed the delivery of the first phase of power at its Helios data center campus in West Texas, providing approximately 200 MW of gross power to CoreWeave under a 15-year lease agreement. The delivery includes 133 MW of critical IT load, marking a significant milestone in the company's data center infrastructure operations. Rent commencement under the Phase I lease is set to begin in the second quarter of 2026.

Key Details of the Agreement

The Helios data center campus is a strategic asset for Galaxy Digital, supporting its position as a global leader in digital assets and data center infrastructure. The agreement with CoreWeave underscores the growing demand for high-capacity power solutions in the digital asset and cloud computing sectors.

Operational Significance

The on-schedule delivery of Phase I highlights Galaxy Digital's execution capabilities in large-scale infrastructure projects. The 15-year lease with CoreWeave provides long-term revenue visibility and strengthens the company's foothold in the data center market. The Helios campus is expected to play a pivotal role in supporting the growing computational needs of the digital economy.