Galaxy Digital reported a web earnings of $30.7 million for the second quarter of 2025, reversing the $295 million loss recorded within the earlier quarter.
The digital asset and infrastructure agency cited good points in steadiness sheet holdings and robust efficiency from its World Markets division as key drivers of its restoration, in accordance with a Tuesday press launch.
The quarter ended with Galaxy’s Bitcoin holdings rising to 17,102 Bitcoin (BTC), valued at $1.95 billion. The corporate held 13,704 BTC by the tip of the primary quarter, suggesting that it added 4,272 BTC in Q2, the corporate disclosed in a monetary complement.
The agency’s whole digital property, together with BTC, Ether (ETH), USDC (USDC), Solana (SOL) and XRP (XRP), reached $3.56 billion in carrying worth. Bitcoin remained the most important single holding, making up over half of Galaxy’s honest value-measured property.
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Galaxy posts $211 million EBITDA backed by treasury good points
Adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) got here in at $211 million, supported by a $228 million adjusted gross revenue from its Treasury and Company phase.
In the meantime, digital property generated $71.4 million in adjusted gross revenue, a ten% enhance from the prior quarter. Nonetheless, adjusted EBITDA within the Digital Belongings enterprise held flat at $13 million as bills rose.
Galaxy’s World Markets unit stood out with a 28% quarter-over-quarter leap in adjusted gross revenue, totaling $55.4 million. This got here regardless of a 22% decline in buying and selling quantity, because the agency managed to outperform broader market traits. The typical mortgage ebook expanded to $1.1 billion, fueled by demand for margin lending.
The agency’s Asset Administration & Infrastructure Options phase posted a 26% decline in revenue, reflecting slower onchain exercise and lowered staking rewards. Nonetheless, property underneath administration and stake grew 27% to $9 billion, buoyed by larger crypto costs and contemporary inflows.
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Galaxy achieves operational milestones
Past financials, Galaxy made notable operational strides. It accomplished the sale of over 80,000 BTC on behalf of a consumer, one of many largest such offers thus far.
In the meantime, its Helios knowledge heart campus is increasing, with CoreWeave now dedicated to the total 800 megawatts of authorised capability. Galaxy additionally secured a further 160 acres and a 1 gigawatt interconnection request, setting the stage for as much as 3.5 GW of energy capability at Helios.
Galaxy started buying and selling on Nasdaq underneath the ticker GLXY in Might following its company reorganization.
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