Kevin M. Goldstein

Blockchain, Digital & Cryptoasset Advisor/Investor/Enthusiast

[Kevin M. Goldstein @kevinmgoldstein]

Bravo @McCormickProf ...such wonderful advice and not just for young conservatives but all students and, for that matter, all people in our democracy. 👏

A Princeton Professor’s Advice to Young Conservatives https://t.co/M0Q8Lt04Kg

[Kevin M. Goldstein @kevinmgoldstein]

Bravo @jonathan_mg27 @novogratz and the @galaxyhq team! 👏🚀

[Jonathan Goldowsky @jonathan_mg27]

$GLXY is excited to announce a strategic partnership with BNY, the world's largest custodian, to help advance, expand and serve as a design partner for its digital asset platform infrastructure.

The infrastructure layer for the next generation of financial markets is being built now and the world's largest financial institutions are investing to shape it.

By combining BNY's scale and platform with $GLXY's expertise in building and operating digital asset infrastructure, this partnership will support BNY's long-term strategy and expand its digital asset capabilities as the financial ecosystem moves onto digital rails.

[Kevin M. Goldstein @kevinmgoldstein]

@intangiblecoins Millions around the world are counting on you to get it passed...no pressure 😁

[Alex Thorn @intangiblecoins]

spending this week in offices, coffee shops, restaurants, and black SUVs across DC to do my part to get CLARITY across the finish line

pass the bill!

[Kevin M. Goldstein @kevinmgoldstein]

@opinion_joe & Noah....on the heels of your article, I thought you would welcome reading this morning's announcement by @galaxyhq
(@novogratz & @jonathan_mg27)...prudent data center construction and an even better recent example than @Meta's. https://t.co/RtFcjs1yCD

[Kevin M. Goldstein @kevinmgoldstein]

Thanks for sharing @jonathan_mg27 and congrats to the whole @galaxyhq team 👏🚀

[Jonathan Goldowsky @jonathan_mg27]

Last year, $GLXY shared our ambition to expand beyond Helios and build a multi-campus, multi-gigawatt, multi-tenant data center business. I'm excited to announce that we've now closed on the acquisition of our second data center campus: a 500-acre site in McGregor, Texas, a state where we continue to invest and a power market we know exceptionally well.

The initial development is expected to reach 74 MW, subject to execution of interconnection and power supply agreements with the local utilities. We then plan to coordinate with the local utility to support development above the 75 MW large load threshold in ERCOT. We expect the initial 74 MW to begin receiving power in 2028, with the potential to scale the campus to multi-hundred MW's through 2030.

This is an important milestone for $GLXY. It marks our evolution from a single campus at Helios to a multi-campus data center business and represents another meaningful step in the growth and maturation of our Data Centers business.

With a development pipeline that now extends nearly five years, $GLXY is quickly becoming one of the world's largest developers and operators of AI data center infrastructure, backed by a strong track record of execution.

[Percent @investpercent]

Tomorrow at 5PM ET — The Percent Pulse: Q2 2026 Retrospective.

Q2 performance. New borrowers. Macro read. Product roadmap. Live Q&A.

Hosted by @prathreddy, CEO of Percent. Register → https://t.co/TMgyRLWQFz

[Kevin M. Goldstein @kevinmgoldstein]

The Clarity Act https://t.co/Kb2gOYBv4N
Bravo, @fredwilson...perfect is indeed the enemy of good, let's get this passed!

[Kevin M. Goldstein @kevinmgoldstein]

Please write to your U.S. Senator today: https://t.co/a7lRwV5e65

[Kevin M. Goldstein @kevinmgoldstein]

The Clarity Act https://t.co/rDitj07nvK

[Mike Lee @BasedMikeLee]

After tonight, it’s even clearer that the Senate should take the SAVE America Act and continue debating it until it passes

Repost if you agree

[Coco Kee @CocoKee]

I interviewed Andy Lee, Partner, HashKey RWA last week. By the time we wrapped up, it was already late night on the East Coast. Despite a few internet hiccups here and there, I really enjoyed this conversation. It’s packed with insights, and I hope you enjoy it as much as I did.

If blockchain's next chapter is about real-world utility rather than speculation, few topics illustrate that better than the tokenization of real-world assets (RWAs). Before speaking with Andy, I hadn't fully appreciated how quietly and how quickly Asia has emerged as one of the most active regions driving this transformation. Andy offers a front-row perspective on what's happening and why it matters.

Andy has an accomplished career before joining HashKey to focus on RWAs, including building a ditial gaming studio and listing its token on Base.

I am adding the links 👇

[Kevin M. Goldstein @kevinmgoldstein]

Percent Announces Prath Reddy as Chief Executive Officer https://t.co/eikNzj8Vmv
Congrats to @nelsonchu_ on the great success to date of @investpercent and good luck to @prathreddy as he leads the team to ever greater heights! 🚀

[Web3Festival @festival_web3]

🚀Where TradFi meets Crypto – live from Hong Kong.

Join us at the #Web3Festival Mainstage for TradFi x Crypto Finance: Convergence.

🗓️1:30–4:30 PM, 20 April
📍Main Stage | Hall5BC

✨Fireside:
@DUYU_ETH - @WXblockchain
@heyibinance - @binance

📢Keynotes:
Ru Haiyang - @HashKeyExchange
@LennixOKX - @okx

🚀Panels:
@thisisRita_Liu - @RD_Technologies
Zhao Yao - National Institution for Finance & Development
Zhao Ying - King & Wood
Shan Fu - Hainan Fiduciary-Data Research & Advisors institute
@DC_HashKey - @HashKey_Capital
@FrancisBZhou - @Quantum_SKK2338
@joechalom - @Sharplink
@kevinmgoldstein - KGA
@_RichardTeng - @binance
@mehler - @Stable
Akhil Devmurari - @jpmorgan
@Len_hoh - @Bitstamp

🔗https://t.co/VPfDkIwdhF

[Kevin M. Goldstein @kevinmgoldstein]

Thanks @mcagney...terrific post. May OPEN be a great success 🙏

[Mike Cagney 🇺🇸 @mcagney]

@Figure's on-chain public equity marketplace, OPEN, is a critical tool for companies to defend against short selling and move economics from rent seeking intermediaries to shareholders.

Today, when a hedge fund shorts a stock, it borrows the stock through an opaque locate process. For example, they go to their prime broker, say “I want to short 100K shares of FIGR” and their prime broker comes back and says “That will cost you 5% annualized.”

At the same time, the prime broker runs a locate process to find the stock. They go to a lender - a large holder or a broker like Robinhood - and say “We’ll pay you 3% to borrow 100K FIGR shares.” The prime broker earns the spread, and neither the borrower or the lender have visibility to the other side of the transaction.

As short interest increases, the cost to borrow the stock goes up as it gets harder to short. However, the amount paid to lenders often won’t change (or change very little). For example, I heard that when short interest on FIGR exceeded 50%, borrow cost was over 30% but lenders were getting roughly 3.75%. The prime brokers were earning the difference.

There are two problems here. First, if the stock lenders earned the rate that the borrower was paying, it would incent more people to buy the stock. For example, more people will want to own FIGR if they can make 30% lending it out then 3.75%. This creates a natural buy offset to the short seller, and mitigates the impact the short seller can have on share price.

Second, the prime broker has created a moral hazard in that they have incentive to build short frenzy as they earn a greater spread. That can put the bank that houses the prime at conflict with their public company customers.

OPEN solves this. When you own stock on OPEN, it’s yours. You self custody (or you have a QC hold it for you in your name). And when you lend it, it’s in a lit order book - you see what everyone is getting. Prime brokers don’t like it, but it creates a better, healthier marketplace less prone to manipulation.

While the balances for lending FGRD (the OPEN equity for Figure) are small today, we expect many FIGR shareholders to move their stock to OPEN. That should create a tipping point, where short sellers will have to abandon the old locate process and move to OPEN to borrow.

This should be a huge selling point to any public company. DM me if you’re in a pubco and want to discuss how easy it is for you to launch an OPEN version of your equity. There are other company benefits too - for example, running proxy solicitation through NFTs in digital wallet vs. snail mail, accessing a global investors base, etc.

[Kevin M. Goldstein @kevinmgoldstein]

@intangiblecoins Not sure why your comment at the end of the video reminds me of Charles Barkley's book title: I May Be Wrong But I Doubt It 😀

[Alex Thorn @intangiblecoins]

exchange with shan from coinbase onstage at token2049 about whether base is not decentralized enough https://t.co/VQ6ZpiX5Ew

[Kevin M. Goldstein @kevinmgoldstein]

Back to the future @novogratz 😀

[Mike Novogratz @novogratz]

With Ai rapidly making many technical skill less valuable, it seems like a good old fashioned liberal arts education is gonna make a strong comeback.

[Kevin M. Goldstein @kevinmgoldstein]

Thanks @jonathan_mg27 ...excellent recap of a terrific year for you and your @galaxyhq colleagues! Already looking forward to your recap of what another terrific year 2026 was a year from now 😀

[Jonathan Goldowsky @jonathan_mg27]

$GLXY just reported 4Q25 & FY25 earnings results. Weaker crypto prices weighed on overall firmwide performance, which was driven primarily by unrealized losses on our digital asset and investment holdings.

Despite a weaker crypto price backdrop, 2025 was a transformational year for $GLXY:

∙ Generated $505M of Digital Assets adjusted gross profit (+67% YoY)
∙ Transitioned Helios from bitcoin mining into one of the largest AI data center campuses under development, with 800MW of long-term agreements with CoreWeave
∙ Delivered record trading volumes, average loan book size, and investment banking fees
∙ Generated $2B of net inflows in asset management and integrated our staking infrastructure with 5 custodians
∙ Launched @galaxyoneapp, our first direct-to-consumer FinTech offering
∙ Strengthened our balance sheet, with $3B of total equity capital, up 38% YoY
∙ Re-domiciled to the U.S. and listed on Nasdaq

Broader crypto sentiment remains subdued, with prices well off their highs. We've been here before. Some of $GLXY's most important moves were made in prior bear markets, like acquiring Helios in 2022 when BTC was below $20k and winning mandates to manage and liquidate some of the FTX Estate's liquid assets.

Crypto prices also don’t capture the longer-term story: blockchain is becoming core financial infrastructure, fintech and commerce are moving onchain, and every major financial institution is actively figuring out how to operate in that world.

$GLXY is well positioned to lead in this next phase, and we’re continuing to invest in our people, technology, and infrastructure to support our clients for the long term and build a world-class company.

[Kevin M. Goldstein @kevinmgoldstein]

Great idea....thanks for volunteering to be that person @Shaughnessy119 🤣

[Tommy @Shaughnessy119]

We should choose 1 person to absorb all crypto Sunday scaries. The rest of us sleep.

[Kevin M. Goldstein @kevinmgoldstein]

Bravo @jonathan_mg27👏 Congrats @galaxyhq team!

[Jonathan Goldowsky @jonathan_mg27]

$GLXY just completed ERCOT interconnection studies and secured approval for an additional 830 MW of power at our Helios data center campus in West Texas! That brings us to 1.6+ GW of approved power capacity, with 800 MW already committed to CoreWeave.

This puts Helios among the largest and fastest-growing data center developers globally, and marks a huge step forward in our mission to build a multi-tenant, multi-gigawatt data center business.

Access to reliable power at scale is the scarcest and most valuable asset in the world - it’s the foundation of the AI revolution.

Next step: securing a world-class tenant to develop the next AI data center at Helios.

Game on!

https://t.co/BU4nmTvz4t

[Kevin M. Goldstein @kevinmgoldstein]

🙏 for @VDHanson Thanks for the update @jackfowler

[Daily Signal @DailySignal]

🚨 VICTOR DAVIS HANSON HEALTH UPDATE:

We know many of our audience members have been waiting eagerly to hear how Victor is doing following his major surgery on Dec. 30. Here's a @jackfowler with the latest.

Full Episode: https://t.co/9k1FLz4v0E