Friday, October 29, 2021

Voyager Digital (VYGVF)(VOYG:CA)
Strategic Investment from Alameda Research

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Strategic Alliance. Yesterday, Voyager announced a strategic alliance with Alameda Research, one of the largest crypto market makers in the world. Alameda purchased $75 million of VGYVF common shares in a private placement of about 7.7 million shares. The additional investment will enable Voyager to continue to grow its business, in our view.


Why Important? Outside of the additional capital, the Alameda investment is a coup for Voyager, in our view.  Alameda was founded by Sam Bankman-Fried, the crypto wunderkind, with a net worth estimated at north of $22 billion. Immediate opportunity exists on the order flow and asset management front, with longer term potential in such markets as NFTs and crypto derivatives. Alameda trades over …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.