Galaxy Digital posts $31M profit as Bitcoin holdings climb to 17,102 in Q2

5 days ago

Galaxy Digital reported a nett income of $30.7 cardinal for the 2nd 4th of 2025, reversing the $295 cardinal nonaccomplishment recorded successful the erstwhile quarter.

The integer plus and infrastructure institution cited gains successful equilibrium expanse holdings and a beardown show from its planetary markets part arsenic cardinal drivers of the recovery, according to a Tuesday quality release.

The 4th ended with Galaxy’s Bitcoin holdings expanding to 17,102 Bitcoin (BTC), valued astatine $1.95 billion. The institution held 13,704 BTC astatine the extremity of the archetypal quarter, suggesting that it added 4,272 BTC successful Q2, the institution disclosed successful a fiscal supplement.

The firm’s full integer assets, including BTC, Ether (ETH), USDC (USDC), Solana (SOL) and XRP (XRP), reached $3.56 cardinal successful carrying value. Bitcoin remained the largest azygous holding, making up implicit fractional of Galaxy’s just value-measured assets.

Galaxy posts $211 cardinal EBITDA backed by treasury gains

Adjusted net earlier interest, taxes, depreciation and amortization (EBITDA) came successful astatine $211 million, supported by a $228 cardinal adjusted gross nett from its treasury and firm segment.

Meanwhile, integer assets generated $71.4 cardinal successful adjusted gross profit, a 10% summation from the anterior quarter. However, adjusted EBITDA successful the Digital Assets concern held level astatine $13 cardinal arsenic expenses increased.

“I couldn’t beryllium much excited. July was, by each accounts, the champion period we had astatine Galaxy. All our businesses are starting to occurrence connected each cylinders,” said Mike Novogratz, laminitis and CEO of Galaxy.

Galaxy’s Global Markets portion stood retired with a 28% quarter-over-quarter leap successful adjusted gross profit, totaling $55.4 million. This came contempt a 22% diminution successful trading volume, arsenic the steadfast managed to outperform broader marketplace trends. The mean indebtedness publication expanded to $1.1 billion, fueled by request for borderline lending.

The firm’s plus absorption and infrastructure solutions conception posted a 26% diminution successful profit, reflecting slower onchain enactment and reduced staking rewards. Still, assets nether absorption and involvement accrued 27% to $9 billion, buoyed by higher crypto prices and caller inflows.

Galaxy achieves operational milestones

Beyond financials, Galaxy made notable operational strides. It completed the sale of implicit 80,000 BTC connected behalf of a client, 1 of the largest specified deals to date.

Meanwhile, its Helios information halfway campus is expanding, with CoreWeave present committed to the afloat 800 megawatts of approved capacity. Galaxy besides secured an further 160 acres and a 1 gigawatt interconnection request, mounting the signifier for up to 3.5 GW of powerfulness capableness astatine Helios.

Helios volition beryllium a “top 5 datacenter successful the satellite if we get that built out,” said Novogratz. “I couldn’t beryllium much bullish.”