Galaxy Digital Shares Dive Following $482 Million Q4 Loss
Galaxy Digital reported a fourth-quarter loss of $482 million, primarily due to a 22% drop in its investment portfolio value. The company’s digital assets and investments declined by $449 million, reducing its portfolio to $1.7 billion, though it maintained $2.6 billion in cash and stablecoins. As of December 31, Galaxy held $557 million in Bitcoin, $124 million in Ethereum, and $220 million in other altcoins. It also managed $617 million in venture and fund investments, alongside $141 million in other liquid assets. Earnings before taxes and interest showed a loss of $557 million, surpassing analyst expectations. Galaxy shares fell about 16%, trading at $22.13, their lowest since July. Trading volumes dropped 62% quarter-over-quarter to $10.6 billion, largely due to a one-off $9 billion Bitcoin sale in the previous quarter. The value of its loan book remained stable at $1.8 billion. Assets under management fell 27% to $6.4 billion, and staked digital assets dropped 24% to $5 billion. The Helios data center's first phase remains on schedule, with future growth seen as a key driver for the stock.
