Mike Novogratz, the CEO of Galaxy Digital Inc. (Galaxy Digital (GLXY)) and one of the most vocal Bitcoin bulls on the planet, is putting his money where his mouth is. On Monday, he pledged that Galaxy will match the federal government's initial $1,000 contribution to the new "Trump Accounts" program for every eligible child of Galaxy employees.
Novogratz was in the room at the White House when President Donald Trump launched the initiative, and he didn't waste any time getting on board. "I am always excited about investing in the future," he said, explaining why his firm plans to match the government's contribution dollar for dollar. "$2,000 total off the bat. This is what access looks like. Proud to be part of this historic program."
The Trump Accounts program, announced Monday, funds the first 500,000 accounts with an initial $1,000 contribution for eligible children born between 2025 and 2028. The idea is to give kids an early stake in the stock market, helping families build long-term wealth. Parents, relatives, and employers can add more money over time.
Galaxy Digital focuses on cryptocurrency, blockchain infrastructure, artificial intelligence, and high-performance computing. Novogratz has long been a prominent Bitcoin advocate, so it's no surprise he's jumping on this. But Galaxy isn't the first crypto company to support the initiative. Earlier this year, Coinbase Global Inc. (Coinbase (COIN)) CEO Brian Armstrong also committed to matching the $1,000 contribution for employees' children.
And here's a twist that might make crypto fans smile: When a reporter asked Trump whether Bitcoin could be added to the Trump Accounts in the future, Trump replied that "something could happen in that regard." That's not a promise, but it's not a no, either.
Beyond crypto, a bunch of Wall Street heavyweights have also backed the program. Micron Technology Inc. (Micron (MU)) committed $250 million last week. Dell Technologies Inc. (Dell (DELL)), SoFi Technologies Inc. (SoFi (SOFI)), and JPMorgan Chase & Co. (JPMorgan (JPM)) have all announced matching contribution initiatives.
As for Galaxy's stock, it closed Monday's regular trading session at $25.40, up 3.29%, but was down 0.35% in overnight trading. Year-to-date, the stock has gained 13.60%. According to market data, the stock shows a weaker price trend across short, medium, and long terms, paired with a poor value ranking, despite a moderately high momentum score.
So, Novogratz is betting on the future—both for his employees' kids and for the broader idea that giving kids a financial head start is a good thing. Whether you call them Trump Accounts or something else, it's a program that's getting a lot of corporate love.
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